WESCO International, Inc. $WCC Stock Sold by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG reduced its WESCO International stake by 29.7% in the third quarter, selling 19,400 shares and retaining 46,000 shares worth approximately $16.5 million. Institutional investors own 93.75% of the company.
• WESCO reported quarterly EPS of $4.57, exceeding the $3.98 analyst consensus, while revenue rose 13% year over year to $6.67 billion. The company also pays a quarterly dividend of $0.50, equivalent to a 0.6% annual yield.
• Analyst sentiment remains favorable, with seven Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $402.83. WCC shares opened at $317.36, down 2.0%.

Robeco Schweiz AG cut its holdings in WESCO International, Inc. (NYSE:WCC - Free Report) by 29.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 46,000 shares of the technology company's stock after selling 19,400 shares during the quarter. Robeco Schweiz AG owned about 0.09% of WESCO International worth $16,541,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in WESCO International during the 2nd quarter worth approximately $3,094,634,000. Bank of America Corp DE bought a new position in WESCO International in the second quarter valued at approximately $296,304,000. Bank of New York Mellon Corp acquired a new position in shares of WESCO International in the second quarter valued at approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of WESCO International in the second quarter valued at approximately $175,189,000. Finally, Nykredit A S acquired a new position in shares of WESCO International in the second quarter valued at approximately $154,034,000. 93.75% of the stock is owned by institutional investors.

WESCO International Stock Down 2.0%

WCC stock opened at $317.36 on Friday. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.90 and a beta of 1.54. WESCO International, Inc. has a twelve month low of $219.62 and a twelve month high of $388.64. The business has a 50 day moving average price of $351.18 and a two-hundred day moving average price of $344.30. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $6.44 billion. During the same quarter in the prior year, the business posted $3.83 EPS. The business'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. Analysts anticipate that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 11th. WESCO International's dividend payout ratio (DPR) is 13.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WCC shares. Wall Street Zen upgraded shares of WESCO International from a "hold" rating to a "buy" rating in a report on Saturday. Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their target price on WESCO International from $430.00 to $435.00 and gave the stock an "outperform" rating in a report on Wednesday, October 14th. Zacks Research lowered WESCO International from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Finally, Weiss Ratings cut WESCO International from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $402.83.

Insider Activity

In other news, Director Laura Thompson sold 270 shares of WESCO International stock in a transaction dated 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 $3,949,784. This trade represents a 2.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Akash Khurana sold 3,400 shares of the business'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 transaction, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company's stock.

About WESCO International

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.

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