Quent Long Short Global Small Cap Fund LP purchased a new stake in WESCO International, Inc. (NYSE:WCC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,506 shares of the technology company's stock, valued at approximately $858,000.
Several other hedge funds have also modified their holdings of WCC. Brown Brothers Harriman & Co. lifted its holdings in shares of WESCO International by 166.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company's stock valued at $28,000 after buying an additional 83 shares during the period. Rothschild Investment LLC lifted its holdings in shares of WESCO International by 788.2% in the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company's stock valued at $32,000 after buying an additional 134 shares during the period. Root Financial Partners LLC acquired a new stake in shares of WESCO International in the 3rd quarter valued at approximately $37,000. Rossby Financial LCC lifted its holdings in shares of WESCO International by 117.4% in the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company's stock valued at $43,000 after buying an additional 108 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of WESCO International in the 4th quarter valued at approximately $52,000. 93.75% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP Diane Lazzaris sold 17,294 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $305.00, for a total value of $5,274,670.00. Following the completion of the transaction, the executive vice president directly owned 29,065 shares of the company's stock, valued at $8,864,825. The trade was a 37.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Castillo purchased 1,400 shares of the business's stock in a transaction dated Tuesday, March 31st. The stock was bought at an average cost of $266.06 per share, with a total value of $372,484.00. Following the completion of the acquisition, the executive vice president owned 15,300 shares of the company's stock, valued at approximately $4,070,718. The trade was a 10.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 20,114 shares of company stock valued at $6,128,353. Insiders own 3.30% of the company's stock.
Analyst Upgrades and Downgrades
WCC has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on WESCO International from $260.00 to $290.00 and gave the company an "overweight" rating in a report on Friday, January 16th. Weiss Ratings downgraded shares of WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, April 6th. Barclays boosted their price objective on shares of WESCO International from $302.00 to $313.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Royal Bank Of Canada boosted their price objective on shares of WESCO International from $316.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, February 11th. Finally, Wall Street Zen downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $276.00.
Check Out Our Latest Research Report on WESCO International
WESCO International Stock Performance
Shares of WCC opened at $317.96 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The stock has a market cap of $15.47 billion, a P/E ratio of 24.35, a PEG ratio of 2.02 and a beta of 1.44. The company has a 50-day moving average of $285.72 and a two-hundred day moving average of $268.49. WESCO International, Inc. has a 12-month low of $151.45 and a 12-month high of $330.00.
WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.82 by ($0.42). The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.03 billion. WESCO International had a return on equity of 13.00% and a net margin of 2.72%.The business's revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, research analysts predict that WESCO International, Inc. will post 15.55 EPS for the current fiscal year.
WESCO International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a dividend of $0.50 per share. The ex-dividend date was Friday, March 13th. This is an increase from WESCO International's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International's dividend payout ratio (DPR) is presently 15.31%.
About WESCO International
(
Free Report)
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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