Sanctuary Advisors LLC Buys New Holdings in WESCO International, Inc. $WCC

Sanctuary Advisors LLC purchased a new position in WESCO International, Inc. (NYSE:WCCFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,589 shares of the technology company’s stock, valued at approximately $3,658,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WCC. BlackRock Inc. purchased a new position in shares of WESCO International in the 2nd quarter valued at about $3,094,634,000. Bank of New York Mellon Corp purchased a new stake in WESCO International during the second quarter worth approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WESCO International in the second quarter valued at approximately $175,189,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in WESCO International in the second quarter valued at approximately $41,561,000. Finally, Public Employees Retirement Association of Colorado increased its stake in WESCO International by 1,674.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock valued at $21,686,000 after purchasing an additional 83,650 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Stock Performance

Shares of WESCO International stock opened at $339.38 on Wednesday. The firm’s fifty day simple moving average is $343.01 and its 200-day simple moving average is $323.32. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.01 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23.

WESCO International (NYSE:WCCGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. WESCO International’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities analysts forecast that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is 13.82%.

Insider Buying and Selling

In related news, EVP Daniel J. Castillo purchased 960 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the acquisition, the executive vice president directly owned 16,305 shares in the company, valued at $5,965,836.45. This represents a 6.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on WCC shares. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Barclays lifted their price target on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. 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. Finally, DA Davidson started coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat.com, WESCO International currently has an average rating of “Buy” and a consensus target price of $374.29.

Check Out Our Latest Stock Report on WCC

WESCO International Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for WESCO International (NYSE:WCC)

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