Deutsche Bank AG Acquires Shares of 12,214 WESCO International, Inc. $WCC

Key Points

• Deutsche Bank acquired 12,214 WESCO International shares worth approximately $4.2 million in the second quarter. Institutional investors collectively own 93.75% of WESCO’s outstanding stock.
• Analysts have turned more positive, with multiple firms upgrading the stock; WESCO has a consensus rating of “Buy” and an average price target of $374.29.
• WESCO exceeded quarterly expectations, reporting $4.57 in EPS versus a $3.98 estimate and $6.67 billion in revenue. The company also pays a quarterly dividend of $0.50, equal to a 0.6% annual yield.

Deutsche Bank AG bought a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,214 shares of the technology company's stock, valued at approximately $4,219,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its stake in WESCO International by 8.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company's stock valued at $110,742,000 after purchasing an additional 31,210 shares in the last quarter. Geode Capital Management LLC increased its position in WESCO International by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company's stock worth $211,473,000 after purchasing an additional 14,739 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company's stock worth $45,506,000 after purchasing an additional 79,612 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of WESCO International by 1,674.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company's stock valued at $21,686,000 after buying an additional 83,650 shares in the last quarter. Finally, Aureus Asset Management LLC acquired a new position in WESCO International in the fourth quarter worth approximately $5,916,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WCC has been the topic of several recent research reports. Zacks Research raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Stephens upgraded shares of WESCO International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Royal Bank Of Canada increased their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, KeyCorp boosted their price target on WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $374.29.

WESCO International Price Performance

NYSE WCC opened at $339.38 on Wednesday. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The company has a fifty day simple moving average of $343.01 and a 200 day simple moving average of $323.32. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The company has a market cap of $16.54 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.01 and a beta of 1.54.

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

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.50 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International's payout ratio is presently 13.82%.

Insider Transactions at WESCO International

In other WESCO International news, EVP Daniel J. Castillo acquired 960 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $365.89 per share, with a total value of $351,254.40. Following the transaction, the executive vice president 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. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the sale, the director owned 10,720 shares of the company's stock, valued at approximately $3,949,784. The trade was a 2.46% decrease in their position. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by corporate insiders.

WESCO International Company 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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