New York State Teachers Retirement System Decreases Stock Holdings in WESCO International, Inc. $WCC

New York State Teachers Retirement System lowered its holdings in WESCO International, Inc. (NYSE:WCC) by 16.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,070 shares of the technology company’s stock after selling 4,225 shares during the period. New York State Teachers Retirement System’s holdings in WESCO International were worth $4,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WCC. First Horizon Advisors Inc. increased its holdings in WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after purchasing an additional 131 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of WESCO International by 13.4% during the second quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after purchasing an additional 60 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of WESCO International by 33.0% in the third quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock worth $125,000 after buying an additional 146 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of WESCO International by 95.6% in the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after buying an additional 368 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of WESCO International during the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Stock Down 0.8%

Shares of NYSE:WCC opened at $281.77 on Friday. The firm has a market cap of $13.71 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45. The company has a fifty day simple moving average of $261.32 and a 200 day simple moving average of $231.30. The company has a current ratio of 2.09, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $285.20.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.17. The company had revenue of $6.20 billion during the quarter, compared to analyst estimates of $5.91 billion. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $3.58 EPS. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, equities research analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is 14.27%.

Insider Activity at WESCO International

In other WESCO International news, EVP Diane Lazzaris sold 4,039 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total transaction of $1,043,758.38. Following the sale, the executive vice president owned 45,401 shares in the company, valued at $11,732,526.42. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christine Ann Wolf sold 4,685 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total value of $1,215,851.20. Following the transaction, the executive vice president directly owned 30,195 shares in the company, valued at approximately $7,836,206.40. This represents a 13.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,036 shares of company stock valued at $4,385,254 over the last three months. 3.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. Finally, KeyCorp boosted their price objective on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, WESCO International has a consensus rating of “Moderate Buy” and an average price target of $265.50.

WESCO International 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.