Tidal Investments LLC Sells 6,183 Shares of WESCO International, Inc. $WCC

Key Points

• Tidal Investments reduced its WESCO International stake by 11.1%, selling 6,183 shares and retaining 49,489 shares worth approximately $17.1 million. Institutional investors and hedge funds collectively own 93.75% of WESCO’s stock.
• WESCO reported strong quarterly results, with EPS of $4.57 beating estimates of $3.98 and revenue rising 13% year over year to $6.67 billion. Analysts maintain a generally bullish outlook, with a consensus “Buy” rating and $394.17 price target.
• The company declared a $0.50 quarterly dividend, equivalent to $2.00 annually and a 0.6% yield. WESCO shares opened at $344.13, down 3.2%, with the stock trading between $203.40 and $385.37 over the past year.

Tidal Investments LLC decreased its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 11.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,489 shares of the technology company's stock after selling 6,183 shares during the quarter. Tidal Investments LLC owned 0.10% of WESCO International worth $17,095,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System raised its position in WESCO International by 34,555.8% during the second quarter. California State Teachers Retirement System now owns 19,529,576 shares of the technology company's stock valued at $6,746,101,000 after purchasing an additional 19,473,223 shares in the last quarter. BlackRock Inc. bought a new stake in shares of WESCO International during the 2nd quarter worth $3,094,634,000. Bank of America Corp DE acquired a new stake in WESCO International in the second quarter valued at about $296,304,000. Bank of New York Mellon Corp bought a new position in WESCO International in the second quarter valued at about $249,503,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WESCO International during the second quarter worth about $175,189,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WCC shares. Barclays upped their price objective on shares of WESCO International from $376.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Zacks Research raised WESCO International from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Finally, DA Davidson began coverage on WESCO International in a report on Tuesday, June 16th. They issued a "buy" rating and a $440.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, WESCO International has an average rating of "Buy" and a consensus price target of $394.17.

WESCO International Trading Down 3.2%

NYSE WCC opened at $344.13 on Friday. The firm has a market capitalization of $16.77 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.11 and a beta of 1.53. The business's 50-day moving average price is $342.28 and its two-hundred day moving average price is $327.01. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. 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 data on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) 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 company 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 company earned $3.83 earnings per share. The firm'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 16.89 EPS for the current year.

WESCO International Announces Dividend

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

Insider Transactions at WESCO International

In other news, EVP Akash Khurana sold 3,400 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president directly owned 27,404 shares of the company's stock, valued at approximately $10,051,239.12. This represents a 11.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the transaction, the executive vice president owned 16,305 shares of the company's stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.60% of the company's stock.

WESCO International Company Profile

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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