WESCO International, Inc. $WCC Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP lessened its stake in WESCO International, Inc. (NYSE:WCC) by 34.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,319 shares of the technology company’s stock after selling 4,449 shares during the quarter. ARGA Investment Management LP’s holdings in WESCO International were worth $2,276,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in shares of WESCO International by 92.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Brown Brothers Harriman & Co. boosted 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 purchasing an additional 83 shares during the period. Torren Management LLC purchased a new position in shares of WESCO International in the fourth quarter valued at $32,000. Hilton Head Capital Partners LLC acquired a new stake in WESCO International during the 4th quarter valued at $39,000. Finally, V Square Quantitative Management LLC acquired a new stake in WESCO International during the 4th quarter valued at $52,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Price Performance

Shares of NYSE:WCC opened at $335.59 on Friday. The company has a market cap of $16.35 billion, a PE ratio of 23.85, a P/E/G ratio of 2.06 and a beta of 1.54. WESCO International, Inc. has a fifty-two week low of $195.43 and a fifty-two week high of $377.90. The firm has a 50-day simple moving average of $350.41 and a 200 day simple moving average of $306.75. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter last year, the company posted $2.21 earnings per share. WESCO International’s revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, sell-side analysts anticipate that WESCO International, Inc. will post 15.94 EPS for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is 14.21%.

Insiders Place Their Bets

In other WESCO International news, EVP Hemant Porwal sold 4,445 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $363.21, for a total value of $1,614,468.45. Following the sale, the executive vice president directly owned 16,618 shares of the company’s stock, valued at $6,035,823.78. This trade represents a 21.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Lazzaris sold 9,910 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the completion of the sale, the executive vice president owned 19,611 shares in the company, valued at $7,049,762.28. The trade was a 33.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WCC shares. KeyCorp boosted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays lifted their target price on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen upgraded WESCO International from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. DA Davidson began coverage on WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price on the stock. Finally, Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $334.56.

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.