Strs Ohio cut its holdings in WESCO International, Inc. (NYSE:WCC – Free Report) by 11.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,446 shares of the technology company’s stock after selling 2,902 shares during the quarter. Strs Ohio’s holdings in WESCO International were worth $6,142,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in WCC. Greenleaf Trust increased its holdings in WESCO International by 1.6% during the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock valued at $647,000 after acquiring an additional 41 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after purchasing an additional 54 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of WESCO International by 11.5% during the 4th quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after purchasing an additional 60 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Diane Lazzaris sold 9,910 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the completion of the sale, the executive vice president directly owned 19,611 shares in the company, valued at approximately $7,049,762.28. The trade was a 33.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christine Ann Wolf sold 2,549 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $355.25, for a total transaction of $905,532.25. Following the transaction, the executive vice president directly owned 29,570 shares of the company’s stock, valued at $10,504,742.50. This trade represents a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 144,486 shares of company stock valued at $51,846,641. 2.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on WCC
WESCO International Price Performance
WCC stock opened at $308.56 on Monday. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.54. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 52-week low of $188.96 and a 52-week high of $377.90. The stock’s fifty day simple moving average is $349.54 and its 200-day simple moving average is $304.68.
WESCO International (NYSE:WCC – Get Free Report) last released its earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, beating the consensus estimate of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The firm had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the firm posted $2.21 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities research analysts expect that WESCO International, Inc. will post 15.94 EPS for the current year.
WESCO International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s dividend payout ratio is presently 14.21%.
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.
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