SG Americas Securities LLC Buys 13,115 Shares of WESCO International, Inc. $WCC

SG Americas Securities LLC raised its stake in WESCO International, Inc. (NYSE:WCC) by 122.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,857 shares of the technology company’s stock after purchasing an additional 13,115 shares during the period. SG Americas Securities LLC’s holdings in WESCO International were worth $5,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted 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 last quarter. Rothschild Investment LLC raised its stake in shares of WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after acquiring an additional 134 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of WESCO International during the 3rd quarter worth approximately $37,000. Rossby Financial LCC raised its stake in shares of WESCO International by 117.4% during the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after acquiring an additional 108 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in WESCO International by 33.0% during the third quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock valued at $125,000 after acquiring an additional 146 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WCC has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Royal Bank Of Canada raised their price objective on WESCO International from $316.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Barclays raised their price objective on WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, JPMorgan Chase & Co. increased their price target on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $276.00.

Insiders Place Their Bets

In other WESCO International news, EVP Diane Lazzaris sold 2,747 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $302.61, for a total transaction of $831,269.67. Following the sale, the executive vice president owned 28,865 shares in the company, valued at approximately $8,734,837.65. The trade was a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 20,114 shares of company stock worth $6,128,353. 3.10% of the stock is currently owned by insiders.

WESCO International Trading Up 6.6%

Shares of WESCO International stock opened at $274.21 on Wednesday. The firm’s 50 day simple moving average is $283.68 and its two-hundred day simple moving average is $258.68. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.65 and a beta of 1.45. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $319.67. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15.

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

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. This is an increase from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s payout ratio is presently 15.31%.

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.