UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in WESCO International, Inc. $WCC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in WESCO International, Inc. (NYSE:WCC) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,650 shares of the technology company’s stock after selling 2,800 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.32% of WESCO International worth $53,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in WCC. BlackRock Inc. purchased a new position in shares of WESCO International during the 2nd quarter valued at $3,094,634,000. Bank of America Corp DE purchased a new stake in WESCO International in the 2nd quarter worth about $296,304,000. Bank of New York Mellon Corp bought a new stake in WESCO International in the 2nd quarter valued at about $249,503,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in WESCO International in the 2nd quarter valued at about $175,189,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in WESCO International during the second quarter valued at about $41,561,000. 93.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Daniel J. Castillo acquired 960 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the transaction, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction 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 sale, the director directly owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company’s stock.

WESCO International Stock Up 0.4%

WCC stock opened at $333.25 on Thursday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $16.24 billion, a PE ratio of 23.03, a PEG ratio of 1.97 and a beta of 1.53. WESCO International, Inc. has a twelve month low of $203.40 and a twelve month high of $385.37. The stock has a 50-day simple moving average of $340.63 and a two-hundred day simple moving average of $324.99.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the business posted $3.83 earnings per share. The company’s 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. On average, equities analysts predict that WESCO International, Inc. will post 16.89 EPS for the current fiscal year.

WESCO International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WCC shares. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their price target on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. DA Davidson started coverage on shares of WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective for the company. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, WESCO International has a consensus rating of “Buy” and a consensus price target of $374.29.

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.