Nykredit A S Purchases Shares of 319,905 WESCO International, Inc. $WCC

Key Points

• Nykredit A/S acquired 319,905 WESCO International shares worth approximately $110.5 million, representing about 0.66% of the company. Institutional investors collectively own 93.75% of WESCO’s stock.
• Analyst sentiment remains broadly positive, with an average rating of “Buy” and an average price target of $394.17, despite some recent downgrades to “Hold.”
• WESCO exceeded quarterly earnings and revenue estimates, reporting EPS of $4.57 and revenue of $6.67 billion, while declaring a quarterly dividend of $0.50 per share.

Nykredit A S acquired a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 319,905 shares of the technology company's stock, valued at approximately $110,505,000. Nykredit A S owned about 0.66% of WESCO International as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WCC. Trust Point Inc. lifted its position in shares of WESCO International by 4.5% in the second quarter. Trust Point Inc. now owns 771 shares of the technology company's stock worth $266,000 after buying an additional 33 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in WESCO International by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company's stock valued at $541,000 after buying an additional 34 shares in the last quarter. Bessemer Group Inc. increased its stake in WESCO International by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company's stock worth $606,000 after acquiring an additional 51 shares during the last quarter. Bell Investment Advisors Inc bought a new stake in WESCO International in the 2nd quarter worth approximately $26,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of WESCO International during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 93.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WCC shares. Wall Street Zen downgraded WESCO International from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Royal Bank Of Canada upped their price target on shares of WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. DA Davidson initiated coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a "buy" rating and a $440.00 price objective for the company. Weiss Ratings downgraded shares of WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. Finally, Zacks Research raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $394.17.

Insider Activity

In related news, EVP Akash Khurana sold 3,400 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company's stock.

WESCO International Stock Up 1.2%

NYSE WCC opened at $339.28 on Friday. 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, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.00 and a beta of 1.53. The company has a fifty day moving average of $344.80 and a two-hundred day moving average of $328.69.

WESCO International (NYSE:WCC - Get Free Report) last released its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the business earned $3.83 EPS. The business's 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. On average, analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, September 11th. WESCO International's payout ratio is 13.82%.

About WESCO International

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.

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