Public Employees Retirement System of Ohio trimmed its stake in WESCO International, Inc. (NYSE:WCC – Free Report) by 9.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 75,231 shares of the technology company’s stock after selling 8,026 shares during the period. Public Employees Retirement System of Ohio’s holdings in WESCO International were worth $20,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in WCC. Vaughan Nelson Investment Management L.P. grew its position in WESCO International by 8.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after buying an additional 31,210 shares in the last quarter. Geode Capital Management LLC raised its holdings in WESCO International by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after acquiring an additional 14,739 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of WESCO International by 122.1% in the 4th quarter. SG Americas Securities LLC now owns 23,857 shares of the technology company’s stock worth $5,836,000 after acquiring an additional 13,115 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of WESCO International by 74.8% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after acquiring an additional 79,612 shares during the period. Finally, Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of WESCO International during the 4th quarter worth approximately $858,000. Institutional investors and hedge funds own 93.75% of the company’s stock.
Insiders Place Their Bets
In related news, CEO John Engel sold 79,440 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $358.75, for a total transaction of $28,499,100.00. Following the completion of the sale, the chief executive officer directly owned 478,946 shares of the company’s stock, valued at $171,821,877.50. This trade represents a 14.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David S. Schulz sold 31,951 shares of WESCO International stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total value of $11,516,418.44. Following the completion of the transaction, the chief financial officer owned 77,038 shares of the company’s stock, valued at approximately $27,767,576.72. The trade was a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 144,486 shares of company stock worth $51,846,641 over the last ninety days. 2.60% of the stock is owned by insiders.
Analysts Set New Price Targets
View Our Latest Analysis on WCC
WESCO International Stock Up 0.5%
WCC opened at $332.40 on Friday. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.09 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12. The firm’s 50-day simple moving average is $344.69 and its 200-day simple moving average is $312.28. WESCO International, Inc. has a twelve month low of $197.96 and a twelve month high of $377.90.
WESCO International (NYSE:WCC – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.49. The firm had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities research analysts anticipate that WESCO International, Inc. will post 15.94 EPS for the current fiscal year.
WESCO International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.50 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s payout ratio is 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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