PDT Partners LLC Acquires Shares of 14,333 WESCO International, Inc. $WCC

PDT Partners LLC acquired a new stake in WESCO International, Inc. (NYSE:WCCFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,333 shares of the technology company’s stock, valued at approximately $4,951,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after buying an additional 51 shares during the last quarter. Bell Investment Advisors Inc bought a new position in WESCO International in the 2nd quarter valued at about $26,000. Brown Brothers Harriman & Co. lifted its position in WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares during the last quarter. Torren Management LLC acquired a new stake in WESCO International during the fourth quarter worth approximately $32,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of WESCO International during the second quarter worth approximately $36,000. Institutional investors own 93.75% of the company’s stock.

Insider Activity

In related news, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Castillo purchased 960 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $365.89 per share, with a total value of $351,254.40. Following the purchase, the executive vice president owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

WESCO International Stock Up 0.7%

Shares of WCC opened at $339.38 on Wednesday. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37. The firm’s 50 day moving average is $343.01 and its 200-day moving average is $323.32. The stock has a market capitalization of $16.54 billion, a PE ratio of 23.45, a P/E/G ratio of 2.01 and a beta of 1.54. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCCGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion during 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%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities research analysts forecast that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s payout ratio is currently 13.82%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WCC shares. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. DA Davidson began coverage on WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat.com, WESCO International presently has an average rating of “Buy” and an average price target of $374.29.

Get Our Latest Stock Analysis on WCC

About WESCO International

(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.

Further Reading

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

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