BLI Banque de Luxembourg Investments Takes $3.25 Million Position in WESCO International, Inc. $WCC

BLI Banque de Luxembourg Investments bought a new stake in WESCO International, Inc. (NYSE:WCC) during the 4th quarter, HoldingsChannel reports. The fund bought 13,000 shares of the technology company’s stock, valued at approximately $3,247,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its stake in shares of WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares during the period. Rothschild Investment LLC raised its stake in shares of WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares during the period. Torren Management LLC purchased a new stake in shares of WESCO International in the fourth quarter valued at $32,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of WESCO International in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Trading Up 0.8%

WCC stock opened at $355.98 on Wednesday. The company has a market capitalization of $17.34 billion, a PE ratio of 25.30, a P/E/G ratio of 2.22 and a beta of 1.53. WESCO International, Inc. has a 12 month low of $171.36 and a 12 month high of $377.90. The firm’s 50-day moving average is $331.89 and its 200 day moving average is $294.51. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, topping the consensus estimate of $2.88 by $0.49. The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, research analysts anticipate that WESCO International, Inc. will post 15.9 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 12th. WESCO International’s dividend payout ratio is presently 14.21%.

Insider Transactions at WESCO International

In other news, EVP Christine Ann Wolf sold 2,549 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $355.25, for a total value of $905,532.25. Following the completion of the sale, the executive vice president owned 29,570 shares of the company’s stock, valued at approximately $10,504,742.50. This represents a 7.94% 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 company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the sale, the chief financial officer directly owned 77,038 shares of the company’s stock, valued at $27,767,576.72. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 144,486 shares of company stock worth $51,846,641. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

WCC has been the topic of several recent analyst reports. Barclays increased their target price on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. KeyCorp increased their target price on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised their price target on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Stephens raised their price target on shares of 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 raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $321.38.

WESCO International Company 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.