Canada Pension Plan Investment Board Acquires Shares of 21,700 WESCO International, Inc. $WCC

Canada Pension Plan Investment Board bought a new position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 21,700 shares of the technology company's stock, valued at approximately $7,496,000.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in WESCO International by 95.6% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company's stock worth $139,000 after purchasing an additional 368 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of WESCO International in the 2nd quarter valued at approximately $573,000. California State Teachers Retirement System raised its position in shares of WESCO International by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company's stock valued at $8,446,000 after buying an additional 365 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of WESCO International by 516.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company's stock worth $7,659,000 after acquiring an additional 34,649 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company's stock worth $740,000 after acquiring an additional 54 shares during the period. Institutional investors own 93.75% of the company's stock.

Wall Street Analyst Weigh In

WCC has been the topic of several recent analyst reports. Barclays lifted their price target on WESCO International from $376.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Stephens raised WESCO International from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Zacks Research upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. DA Davidson initiated coverage on WESCO International in a research note on Tuesday, June 16th. They set a "buy" rating and a $440.00 target price for the company. Finally, Weiss Ratings raised shares of WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, WESCO International presently has a consensus rating of "Buy" and an average target price of $374.29.

Insider Transactions at WESCO International

In other news, Director Laura K. Thompson sold 270 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the purchase, the executive vice president directly owned 16,305 shares of the company's stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.60% of the company's stock.

WESCO International Stock Down 4.1%

Shares of NYSE:WCC opened at $336.34 on Friday. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The company has a market capitalization of $16.39 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The company has a fifty day moving average of $342.01 and a 200-day moving average of $323.99.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter last year, the business posted $3.83 EPS. WESCO International's revenue for the quarter was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts predict that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International's dividend payout ratio (DPR) is presently 13.82%.

WESCO International Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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