WESCO International, Inc. $WCC Position Trimmed by Gabelli Funds LLC

Gabelli Funds LLC decreased its holdings in WESCO International, Inc. (NYSE:WCC) by 29.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,550 shares of the technology company’s stock after selling 4,840 shares during the quarter. Gabelli Funds LLC’s holdings in WESCO International were worth $2,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rothschild Investment LLC boosted its stake in shares of WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after acquiring an additional 134 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of WESCO International during the third quarter worth $37,000. First Horizon Advisors Inc. lifted its holdings in shares of WESCO International by 129.7% during the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. Rossby Financial LCC lifted its holdings in shares of WESCO International by 117.4% during the third quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after purchasing an additional 108 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of WESCO International by 33.0% in the 3rd quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock valued at $125,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

Insider Transactions at WESCO International

In other WESCO International news, EVP Diane Lazzaris sold 2,747 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $302.61, for a total value of $831,269.67. Following the completion of the sale, the executive vice president owned 28,865 shares in the company, valued at $8,734,837.65. This represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 20,114 shares of company stock valued at $6,128,353. 3.10% of the stock is owned by corporate insiders.

WESCO International Trading Up 0.3%

Shares of NYSE WCC opened at $268.75 on Wednesday. WESCO International, Inc. has a one year low of $125.21 and a one year high of $319.67. The firm has a market capitalization of $13.08 billion, a PE ratio of 20.58, a PEG ratio of 1.72 and a beta of 1.45. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $285.57 and a two-hundred day moving average price of $254.21.

WESCO International (NYSE:WCC) last issued its earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $6.03 billion. WESCO International had a net margin of 2.72% and a return on equity of 13.00%. WESCO International’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.00 annualized dividend and a yield of 0.7%. This is a boost from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s dividend payout ratio (DPR) is currently 13.94%.

Analyst Upgrades and Downgrades

WCC has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price target on WESCO International from $316.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Barclays raised their target price on shares of WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. KeyCorp set a $340.00 target price on shares of WESCO International in a research report on Wednesday, February 11th. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, WESCO International currently has a consensus rating of “Moderate Buy” and an average target price of $276.00.

About WESCO International

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.