Cibc World Market Inc. Makes New Investment in WESCO International, Inc. $WCC

Key Points

• CIBC World Market purchased 8,301 shares of WESCO International worth approximately $2.87 million in the second quarter. Institutional investors and hedge funds collectively own 93.75% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $374.29; several firms recently raised targets, including DA Davidson at $440.
• WESCO exceeded quarterly expectations, reporting $4.57 in EPS versus the $3.98 estimate and $6.67 billion in revenue, up 13% year over year. The company issued fiscal 2026 EPS guidance of $16.00–$17.50.

Cibc World Market Inc. purchased a new stake in WESCO International, Inc. (NYSE:WCC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,301 shares of the technology company's stock, valued at approximately $2,867,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WCC. Cornerstone Planning Group LLC lifted its holdings in shares of WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company's stock worth $26,000 after acquiring an additional 51 shares during the period. Bell Investment Advisors Inc purchased a new stake in WESCO International in the second quarter valued at approximately $26,000. Brown Brothers Harriman & Co. increased its position in WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company's stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Torren Management LLC acquired a new position in WESCO International during the fourth quarter worth approximately $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in WESCO International during the second quarter worth approximately $38,000. Institutional investors and hedge funds own 93.75% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WCC. Stephens upgraded shares of WESCO International from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Wall Street Zen downgraded WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. DA Davidson initiated coverage on WESCO International in a research report on Tuesday, June 16th. They issued a "buy" rating and a $440.00 target price on the stock. Barclays lifted their target price on WESCO International from $376.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Finally, KeyCorp upped their price target on WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. One 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 price target of $374.29.

Insider Buying and Selling at WESCO International

In other WESCO International 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 transaction, the director owned 10,720 shares in the company, valued at $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Castillo bought 960 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $365.89 per share, with a total value of $351,254.40. Following the transaction, the executive vice president directly owned 16,305 shares of the company's stock, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is currently owned by corporate insiders.

WESCO International Price Performance

WESCO International stock opened at $346.72 on Thursday. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The firm has a fifty day moving average of $342.90 and a 200-day moving average of $323.65. The firm has a market capitalization of $16.90 billion, a P/E ratio of 23.96, a PEG ratio of 2.02 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC - Get Free Report) last posted its earnings results 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 net margin of 2.84% and a return on equity of 14.95%. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the business posted $3.83 EPS. The business's quarterly revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, analysts predict that WESCO International, Inc. will post 16.77 EPS for the current year.

About WESCO International

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.

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