Short Interest in WESCO International, Inc. (NYSE:WCC) Drops By 23.7%

WESCO International, Inc. (NYSE:WCC) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 1,433,499 shares, a drop of 23.7% from the January 29th total of 1,878,147 shares. Based on an average daily volume of 994,149 shares, the short-interest ratio is currently 1.4 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 994,149 shares, the short-interest ratio is currently 1.4 days.

WESCO International Trading Up 2.3%

Shares of NYSE:WCC traded up $6.75 during trading on Monday, reaching $296.25. 516,778 shares of the stock were exchanged, compared to its average volume of 590,997. The firm’s 50-day moving average price is $281.92 and its 200 day moving average price is $250.88. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45. WESCO International has a 12-month low of $125.21 and a 12-month high of $319.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 2.20.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the firm earned $3.16 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. On average, sell-side analysts anticipate that WESCO International will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.50 per share. This is a boost from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.00 annualized dividend and a yield of 0.7%. WESCO International’s dividend payout ratio is presently 13.94%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WCC shares. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. 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 report on Friday, January 16th. Barclays lifted their price target on shares of WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. KeyCorp set a $340.00 price objective on shares of WESCO International in a research note on Wednesday, February 11th. Finally, Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $276.00.

Insider Activity

In related news, EVP Diane Lazzaris sold 17,294 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $305.00, for a total value of $5,274,670.00. Following the sale, the executive vice president owned 29,065 shares of the company’s stock, valued at approximately $8,864,825. This represents a 37.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 20,114 shares of company stock worth $6,128,353. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WCC. Greenleaf Trust raised its stake in WESCO International by 1.6% during the fourth quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock valued at $647,000 after buying an additional 41 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of WESCO International by 92.7% during the 4th 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 in the last quarter. Lazard Asset Management LLC lifted its stake in WESCO International by 1.4% during 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 increased its stake in WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock valued at $142,000 after purchasing an additional 60 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of WESCO International by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the period. 93.75% of the stock is owned by institutional investors and hedge funds.

About WESCO International

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.