Pallas Capital Advisors LLC Makes New Investment in WESCO International, Inc. $WCC

Pallas Capital Advisors LLC purchased a new stake in WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,890 shares of the technology company’s stock, valued at approximately $998,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Trust Point Inc. lifted its holdings in shares of WESCO International by 4.5% during the 2nd quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock worth $266,000 after acquiring an additional 33 shares during the period. Cornerstone Planning Group LLC grew its holdings in 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. Bessemer Group Inc. grew its holdings in WESCO International by 2.4% in the first quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after purchasing an additional 51 shares during the period. Lazard Asset Management LLC increased its position 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. Finally, Parallel Advisors LLC increased its position in WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WCC. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Barclays increased their target price on WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Finally, 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 research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, WESCO International presently has an average rating of “Buy” and a consensus price target of $374.29.

Insider Buying and Selling at WESCO International

In related news, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the transaction, the executive vice president directly owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares of the company’s stock, valued at $3,949,784. The trade was a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by corporate insiders.

WESCO International Trading Down 6.4%

Shares of WCC stock opened at $349.08 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $385.37. The firm’s 50 day moving average price is $343.44 and its two-hundred day moving average price is $321.76. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, analysts anticipate that WESCO International, Inc. will post 16.82 EPS for the current year.

WESCO International Announces Dividend

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. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s dividend payout ratio is currently 13.82%.

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.