Nykredit A S Takes $154.03 Million Position in WESCO International, Inc. $WCC

Nykredit A S acquired a new stake in WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 445,919 shares of the technology company’s stock, valued at approximately $154,034,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in WESCO International during the second quarter worth about $3,094,634,000. Bank of America Corp DE acquired a new stake in shares of WESCO International during the 2nd quarter valued at approximately $296,304,000. Bank of New York Mellon Corp purchased a new stake in shares of WESCO International during the 2nd quarter worth approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of WESCO International during the 2nd quarter worth approximately $175,189,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of WESCO International in the 2nd quarter worth approximately $41,561,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Trading Up 0.4%

Shares of WESCO International stock opened at $333.25 on Thursday. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The business has a 50 day moving average price of $340.63 and a 200 day moving average price of $324.99. The company has a market capitalization of $16.24 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.97 and a beta of 1.53.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS 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 analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.WESCO International’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts anticipate that WESCO International, Inc. will post 16.89 EPS for the current fiscal year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s payout ratio is presently 13.82%.

Wall Street Analyst Weigh In

WCC has been the subject of several research analyst reports. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Barclays boosted their target price on WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. DA Davidson began coverage on WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company. Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $374.29.

Insider Buying and Selling at WESCO International

In other news, Director Laura K. 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 transaction of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the transaction, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.60% of the stock is owned by insiders.

WESCO International Company 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.