Guyasuta Investment Advisors Inc. decreased its position in shares of WESCO International, Inc. (NYSE:WCC – Free Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,218 shares of the technology company’s stock after selling 1,491 shares during the quarter. WESCO International accounts for approximately 2.3% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Guyasuta Investment Advisors Inc. owned 0.22% of WESCO International worth $38,555,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in WESCO International in the 2nd quarter valued at about $3,094,634,000. Bank of America Corp DE bought a new stake in shares of WESCO International during the 2nd quarter worth approximately $296,304,000. Bank of New York Mellon Corp bought a new stake in shares of WESCO International during the 2nd quarter worth approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of WESCO International during the 2nd quarter worth approximately $175,189,000. Finally, Nykredit A S acquired a new stake in shares of WESCO International during the 2nd quarter worth approximately $154,034,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at WESCO International
In other WESCO International news, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction that occurred 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 owned 10,720 shares in the company, valued at $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the purchase, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
WCC has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price objective on shares of WESCO International from $430.00 to $435.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, WESCO International has an average rating of “Buy” and an average target price of $402.83.
Get Our Latest Research Report on WESCO International
WESCO International Stock Performance
WESCO International stock opened at $347.23 on Friday. 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 stock has a market cap of $16.92 billion, a PE ratio of 24.00, a P/E/G ratio of 2.10 and a beta of 1.54. WESCO International, Inc. has a 12-month low of $211.47 and a 12-month high of $388.64. The business’s 50-day moving average price is $354.55 and its two-hundred day moving average price is $342.18.
WESCO International (NYSE:WCC – Get Free Report) last posted 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. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, analysts expect that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.
WESCO International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, September 11th. WESCO International’s dividend payout ratio is currently 13.82%.
WESCO International Company Profile
WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.
Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.
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