Davis Selected Advisers Buys 71,932 Shares of WESCO International, Inc. $WCC

Key Points

• Davis Selected Advisers increased its stake in WESCO by 24.6%, buying 71,932 shares to hold 364,502 shares (about 0.75%) valued at roughly $89.17 million per its latest 13F filing.
• WESCO beat Q1 expectations with adjusted EPS of $3.37 vs. $2.88 and revenue of ~$6.08B (+13.8% Y/Y), driven by ~70% growth in data‑center sales and a 22% backlog increase, prompting management to raise its FY 2026 outlook and several analysts to lift price targets.
• The company raised its quarterly dividend to $0.50 (annualized $2.00, ~0.6% yield), while insiders made mixed moves — EVP Daniel Castillo bought 1,400 shares and another EVP sold 17,294 shares; insiders now own about 3.3% of the stock.

Davis Selected Advisers increased its stake in WESCO International, Inc. (NYSE:WCC - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,502 shares of the technology company's stock after buying an additional 71,932 shares during the quarter. Davis Selected Advisers owned about 0.75% of WESCO International worth $89,172,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its position in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company's stock worth $28,000 after buying an additional 83 shares during the last quarter. Rothschild Investment LLC lifted its position in WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company's stock worth $32,000 after buying an additional 134 shares during the last quarter. Torren Management LLC bought a new stake in WESCO International in the fourth quarter worth $32,000. Root Financial Partners LLC bought a new stake in WESCO International in the third quarter worth $37,000. Finally, Rossby Financial LCC lifted its position in WESCO International by 117.4% in the third quarter. Rossby Financial LCC now owns 200 shares of the technology company's stock worth $43,000 after buying an additional 108 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors.

Trending Headlines about WESCO International

Here are the key news stories impacting WESCO International this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $3.37 vs. $2.88 consensus and revenue of ~$6.08B (up ~14% Y/Y). Management highlighted record sales, stronger margins and robust operating and free cash flow, which supported an upgraded tone for the year. WESCO Q1 Earnings Surpass Expectations, Revenues Increase Y/Y
• Positive Sentiment: Company press release: record Q1 net sales ~$6.1B, organic sales +12% Y/Y, data‑center sales ~$1.4B (≈+70% Y/Y), backlog +22% and raised FY outlook — all bullish signals for sustained growth and margin expansion. Wesco International Reports First Quarter 2026 Results
• Positive Sentiment: Sell‑side upgrades pushed upside expectations: KeyCorp raised its target to $415 (overweight) and RBC boosted its target to $411 (outperform), signaling analyst confidence in the company’s growth trajectory. Benzinga
• Positive Sentiment: Investor coverage and commentary emphasize WESCO’s exposure to the data‑center build cycle and industrial momentum, reinforcing the growth narrative that drove today’s buying. Wesco International Rides Data Center Wave Higher
• Neutral Sentiment: Analyst write‑ups and the earnings call transcript provide deeper detail (metrics, segment performance, slides). Useful for modeling and conviction, but largely confirm what drove the move rather than introduce new surprises. Zacks Q1 Analysis Earnings Call Presentation

Insider Buying and Selling at WESCO International

In other news, EVP Daniel J. Castillo purchased 1,400 shares of the business's stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average price of $266.06 per share, for a total transaction of $372,484.00. Following the completion of the purchase, the executive vice president owned 15,300 shares in the company, valued at approximately $4,070,718. This represents a 10.07% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Diane Lazzaris sold 17,294 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $305.00, for a total value of $5,274,670.00. Following the transaction, the executive vice president owned 29,065 shares in the company, valued at approximately $8,864,825. This represents a 37.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 20,114 shares of company stock worth $6,128,353. Insiders own 3.30% of the company's stock.

WESCO International Stock Performance

Shares of WESCO International stock opened at $354.78 on Friday. The firm has a market cap of $17.26 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.24 and a beta of 1.54. The company has a current ratio of 2.12, a quick ratio of 1.27 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 12 month low of $156.28 and a 12 month high of $355.56. The stock's fifty day moving average price is $287.21 and its 200-day moving average price is $271.99.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, beating the consensus estimate of $2.88 by $0.49. The firm had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities research analysts expect that WESCO International, Inc. will post 15.55 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $0.50 per share. This is an increase from WESCO International's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, March 13th. WESCO International's payout ratio is 15.31%.

Analysts Set New Price Targets

A number of analysts have weighed in on WCC shares. Weiss Ratings lowered WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 6th. Barclays increased their target price on WESCO International from $302.00 to $313.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Wall Street Zen lowered WESCO International from a "buy" rating to a "hold" rating in a research note on Saturday, January 17th. KeyCorp increased their target price on WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on WESCO International from $260.00 to $290.00 and gave the stock an "overweight" rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $294.88.

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.

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