AEGON ASSET MANAGEMENT UK Plc Sells 40,220 Shares of WESCO International, Inc. $WCC

AEGON ASSET MANAGEMENT UK Plc lowered its position in WESCO International, Inc. (NYSE:WCC) by 27.5% during the 1st quarter, HoldingsChannel reports. The fund owned 105,965 shares of the technology company’s stock after selling 40,220 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in WESCO International were worth $28,978,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WCC. Greenleaf Trust boosted its stake in shares of WESCO International by 1.6% during the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock worth $647,000 after purchasing an additional 41 shares during the period. Cornerstone Planning Group LLC raised its position in WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares during the period. Lazard Asset Management LLC lifted its stake in WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after purchasing an additional 54 shares during the last quarter. Parallel Advisors LLC lifted its stake in WESCO International by 11.5% in the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after purchasing an additional 60 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after buying an additional 83 shares during the period. Institutional investors own 93.75% of the company’s stock.

WESCO International Stock Up 0.1%

Shares of NYSE:WCC opened at $365.78 on Friday. The business’s 50 day moving average is $343.73 and its 200 day moving average is $299.44. The stock has a market cap of $17.82 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.53. WESCO International, Inc. has a 52-week low of $175.05 and a 52-week high of $377.90. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.49. The business had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Sell-side analysts predict that WESCO International, Inc. will post 15.94 EPS for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, June 12th. WESCO International’s dividend payout ratio is presently 14.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WCC shares. Royal Bank Of Canada upped their target price on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. KeyCorp boosted their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. DA Davidson began coverage on WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. Stephens increased their target price on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, WESCO International currently has an average rating of “Buy” and an average target price of $334.56.

Insider Buying and Selling at WESCO International

In other news, EVP Hemant Porwal sold 4,445 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $363.21, for a total value of $1,614,468.45. Following the completion of the sale, the executive vice president owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. This represents a 21.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David S. Schulz sold 31,951 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the transaction, the chief financial officer owned 77,038 shares in the company, valued at approximately $27,767,576.72. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is currently owned by company insiders.

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.