HighTower Advisors LLC Trims Stake in WESCO International, Inc. $WCC

HighTower Advisors LLC reduced its holdings in WESCO International, Inc. (NYSE:WCC) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,445 shares of the technology company’s stock after selling 8,161 shares during the quarter. HighTower Advisors LLC’s holdings in WESCO International were worth $9,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of WESCO International by 8.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after acquiring an additional 31,210 shares during the last quarter. Geode Capital Management LLC increased its position in shares of WESCO International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after purchasing an additional 14,739 shares during the last quarter. BlackRock Inc. purchased a new stake in WESCO International in the second quarter valued at approximately $3,094,634,000. Van Lanschot Kempen Investment Management N.V. raised its stake in WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock valued at $45,506,000 after purchasing an additional 79,612 shares in the last quarter. Finally, Algert Global LLC lifted its position in WESCO International by 103.3% during the second quarter. Algert Global LLC now owns 65,146 shares of the technology company’s stock valued at $22,503,000 after purchasing an additional 33,109 shares during the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Price Performance

WCC stock opened at $344.13 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. WESCO International, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The firm’s fifty day moving average is $342.28 and its 200 day moving average is $327.01. The firm has a market cap of $16.77 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.11 and a beta of 1.53.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts predict that WESCO International, Inc. will post 16.89 earnings per share for the current year.

WESCO International Dividend Announcement

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

Insider Activity

In other news, 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 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 approximately $10,051,239.12. The trade was a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura Thompson sold 270 shares of the 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 sale, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. DA Davidson started coverage on shares of WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $394.17.

WESCO International Profile

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.