WESCO International, Inc. $WCC Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,537 shares of the technology company's stock after acquiring an additional 184 shares during the period. California State Teachers Retirement System owned approximately 0.12% of WESCO International worth $19,529,576 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of WESCO International in the 2nd quarter worth $82,000. Wedmont Private Capital bought a new stake in WESCO International in the 2nd quarter valued at approximately $262,000. HB Wealth Management LLC lifted its holdings in shares of WESCO International by 29.4% during the second quarter. HB Wealth Management LLC now owns 1,948 shares of the technology company's stock worth $673,000 after buying an additional 443 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in shares of WESCO International during the 2nd quarter valued at approximately $564,000. Finally, Concurrent Investment Advisors LLC grew its holdings in WESCO International by 18.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,842 shares of the technology company's stock worth $636,000 after acquiring an additional 286 shares during the period. 93.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other WESCO International news, Director Laura Thompson sold 270 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares of the company's stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Akash Khurana sold 3,400 shares of the firm's stock in a transaction dated 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 directly owned 27,404 shares in the company, valued at $10,051,239.12. This represents a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on WCC shares. Zacks Research raised WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price target on WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Barclays boosted their target price on WESCO International from $376.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Wall Street Zen cut WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Finally, DA Davidson started coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a "buy" rating and a $440.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $394.17.

WESCO International Trading Down 0.5%

Shares of NYSE:WCC traded down $1.54 during trading on Tuesday, reaching $335.19. The stock had a trading volume of 129,848 shares, compared to its average volume of 602,334. WESCO International, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The firm's fifty day moving average is $343.64 and its 200 day moving average is $327.80. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 2.11 and a beta of 1.53.

WESCO International (NYSE:WCC - Get Free Report) last posted 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. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities analysts forecast that WESCO International, Inc. will post 16.89 EPS for the current fiscal year.

WESCO International Announces Dividend

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

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.