Commerce Bank Buys New Position in WESCO International, Inc. $WCC

Commerce Bank bought a new stake in WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,830 shares of the technology company’s stock, valued at approximately $632,000.

Several other hedge funds have also made changes to their positions in WCC. Cornerstone Planning Group LLC boosted 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 purchasing an additional 51 shares during the period. Bell Investment Advisors Inc purchased a new stake in WESCO International during the 2nd quarter worth approximately $26,000. Brown Brothers Harriman & Co. lifted its holdings in WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares in the last quarter. Torren Management LLC acquired a new stake in WESCO International during the 4th quarter worth approximately $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in WESCO International in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Stock Performance

Shares of WCC stock opened at $346.72 on Thursday. The company has a market cap of $16.90 billion, a P/E ratio of 23.96, a PEG ratio of 2.02 and a beta of 1.54. The firm has a fifty day moving average price of $342.90 and a 200 day moving average price of $323.65. 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, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37.

WESCO International (NYSE:WCC) last posted 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 for the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.WESCO International’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Royal Bank Of Canada upped their price target on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, KeyCorp increased their price target on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, WESCO International presently has a consensus rating of “Buy” and a consensus target price of $374.29.

Insider Transactions at WESCO International

In other news, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.

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.