WESCO International, Inc. $WCC Stock Holdings Boosted by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System dramatically increased its WESCO stake by 34,555.8% in the second quarter, adding 19.47 million shares to own 19.53 million shares, or 40.08% of the company. Institutional investors collectively own 93.75% of WESCO’s stock.
• WESCO reported quarterly EPS of $4.57, surpassing the $3.98 analyst consensus, while revenue rose 13% year over year to $6.67 billion. The company issued fiscal 2026 EPS guidance of $16.00–$17.50, and analysts expect $16.89.
• Analysts maintain a consensus “Buy” rating with an average price target of $394.17, although recent recommendations were mixed. WESCO also declared a quarterly dividend of $0.50 per share, equal to a 0.6% annualized yield.

California State Teachers Retirement System grew its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 34,555.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,529,576 shares of the technology company's stock after purchasing an additional 19,473,223 shares during the quarter. California State Teachers Retirement System owned 40.08% of WESCO International worth $6,746,101,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of WCC. EverSource Wealth Advisors LLC boosted its stake in WESCO International by 95.6% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company's stock valued at $139,000 after buying an additional 368 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in WESCO International in the second quarter worth about $573,000. BNP Paribas Financial Markets raised its position in WESCO International by 516.8% in the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company's stock worth $7,659,000 after acquiring an additional 34,649 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in WESCO International by 1.4% in 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 last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company's stock valued at $28,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 93.75% of the company's stock.

Insider Activity at WESCO International

In related news, Director Laura Thompson sold 270 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the 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 completion of the sale, the executive vice president owned 27,404 shares of the company's stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WCC has been the topic of several recent research reports. Zacks Research raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Stephens upgraded shares of WESCO International from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Weiss Ratings cut WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. Finally, DA Davidson started coverage on WESCO International in a research report on Tuesday, June 16th. They set a "buy" rating and a $440.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $394.17.

WESCO International Trading Down 1.2%

Shares of WCC opened at $355.83 on Thursday. The business's 50-day moving average price is $341.57 and its 200 day moving average price is $326.68. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $17.34 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.13 and a beta of 1.53. WESCO International, Inc. has a 1-year low of $203.40 and a 1-year high of $385.37.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts' consensus estimates of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the firm earned $3.83 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Analysts expect that WESCO International, Inc. will post 16.89 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International's 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.

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