Pzena Investment Management LLC Invests $24.70 Million in WESCO International, Inc. $WCC

Key Points

• Pzena Investment Management purchased 71,494 WESCO International shares worth approximately $24.7 million, representing about 0.15% of the company. Institutional investors collectively own 93.75% of WESCO’s stock.
• WESCO reported quarterly EPS of $4.57, exceeding the $3.98 analyst consensus, while revenue rose 13% year over year to $6.67 billion. The company guided for fiscal 2026 EPS of $16.00–$17.50.
• Analysts maintain a positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $374.29. WESCO also pays a quarterly dividend of $0.50 per share, yielding approximately 0.5%.

Pzena Investment Management LLC purchased a new stake in WESCO International, Inc. (NYSE:WCC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 71,494 shares of the technology company's stock, valued at approximately $24,696,000. Pzena Investment Management LLC owned about 0.15% of WESCO International as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WCC. Cornerstone Planning Group LLC boosted its position in 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 buying an additional 51 shares during the period. Bell Investment Advisors Inc bought a new position in shares of WESCO International during the second quarter valued at $26,000. Brown Brothers Harriman & Co. lifted its holdings in shares of 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 period. Torren Management LLC acquired a new position in shares of WESCO International during the fourth quarter worth $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of WESCO International in the second quarter worth $38,000. Institutional investors own 93.75% of the company's stock.

WESCO International Price Performance

WCC stock opened at $371.96 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.15 and a beta of 1.54. The company's fifty day simple moving average is $343.58 and its 200 day simple moving average is $321.36. WESCO International, Inc. has a 12-month low of $203.40 and a 12-month high of $385.37.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the business posted $3.83 EPS. The business's revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, analysts expect that WESCO International, Inc. will post 16.82 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.5%. WESCO International's dividend payout ratio (DPR) is currently 13.82%.

Insider Activity at WESCO International

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the purchase, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on WCC shares. KeyCorp lifted their target price on WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Royal Bank Of Canada raised their price objective on WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. DA Davidson initiated coverage on WESCO International in a research note on Tuesday, June 16th. They issued a "buy" rating and a $440.00 price objective on the stock. Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Finally, Zacks Research raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, WESCO International presently has a consensus rating of "Buy" and an average price target of $374.29.

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.

Want to see what other hedge funds are holding WCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WESCO International, Inc. (NYSE:WCC - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source