Tidal Investments LLC Sells 6,183 Shares of WESCO International, Inc. $WCC

Tidal Investments LLC decreased its stake in shares of WESCO International, Inc. (NYSE:WCC) by 11.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 49,489 shares of the technology company’s stock after selling 6,183 shares during the period. Tidal Investments LLC’s holdings in WESCO International were worth $17,095,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WCC. California State Teachers Retirement System lifted its position in shares of WESCO International by 34,555.8% during the 2nd quarter. California State Teachers Retirement System now owns 19,529,576 shares of the technology company’s stock valued at $6,746,101,000 after acquiring an additional 19,473,223 shares during the period. BlackRock Inc. acquired a new stake in WESCO International in the second quarter worth $3,094,634,000. Bank of New York Mellon Corp grew its holdings in WESCO International by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after purchasing an additional 84,905 shares during the period. Geode Capital Management LLC increased its stake in WESCO International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after purchasing an additional 14,739 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in WESCO International in the second quarter valued at $296,304,000. Institutional investors own 93.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WCC shares. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. 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. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Barclays raised their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WESCO International presently has an average rating of “Buy” and an average target price of $394.17.

Insider Buying and Selling at WESCO International

In other news, EVP Akash Khurana sold 3,400 shares of the firm’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 transaction, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Castillo bought 960 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, 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 SEC filing for this purchase provides additional information. Company insiders own 2.60% of the company’s stock.

WESCO International Stock Performance

WCC opened at $344.13 on Friday. WESCO International, Inc. has a 1-year low of $203.40 and a 1-year high of $385.37. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.11 and a beta of 1.53. The company’s fifty day moving average price is $342.28 and its two-hundred day moving average price is $327.01. 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 (NYSE:WCC) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, analysts expect that WESCO International, Inc. will post 16.89 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International’s payout ratio is 13.82%.

WESCO International Company Profile

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.