Two Sigma Securities LLC Takes $1.65 Million Position in WESCO International, Inc. $WCC

Key Points

• Two Sigma Securities opened a new $1.65 million position in WESCO International by purchasing 4,767 shares. Institutional investors collectively own 93.75% of the company.
• WESCO reported quarterly earnings of $4.57 per share, beating estimates by $0.59, while revenue rose 13% year over year to $6.67 billion. The company also declared a quarterly dividend of $0.50 per share, representing a 0.6% annualized yield.
• Analyst sentiment remains positive, with the stock receiving an average “Buy” rating and a consensus price target of $374.29. Recent targets range as high as $440, while WCC was trading at $336.34 against a 12-month range of $203.40 to $385.37.

Two Sigma Securities LLC bought a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,767 shares of the technology company's stock, valued at approximately $1,647,000.

A number of other hedge funds have also added to or reduced their stakes in WCC. Trust Point Inc. lifted its stake in WESCO International by 4.5% in the second quarter. Trust Point Inc. now owns 771 shares of the technology company's stock valued at $266,000 after buying an additional 33 shares during the period. Sheets Smith Wealth Management grew its position in shares of WESCO International by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company's stock worth $541,000 after buying an additional 34 shares during the period. Cornerstone Planning Group LLC grew its position in shares of 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. Bessemer Group Inc. increased its stake in shares of WESCO International by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company's stock valued at $606,000 after acquiring an additional 51 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company's stock valued at $740,000 after acquiring an additional 54 shares during the period. 93.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director directly owned 10,720 shares of the company's stock, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Castillo bought 960 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares of the company's stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.60% of the company's stock.

WESCO International Stock Performance

NYSE WCC opened at $336.34 on Monday. The company has a market cap of $16.39 billion, a P/E ratio of 23.24, a PEG ratio of 2.01 and a beta of 1.54. The company has a fifty day simple moving average of $342.01 and a 200 day simple moving average of $324.14. 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 released its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts' consensus estimates of $3.98 by $0.59. The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WCC. Zacks Research raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Barclays lifted their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. DA Davidson started coverage on WESCO International in a research note on Tuesday, June 16th. They issued a "buy" rating and a $440.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $374.29.

WESCO International 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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