WESCO International, Inc. $WCC Stock Position Lifted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,022 shares of the technology company’s stock after acquiring an additional 4,042 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.07% of WESCO International worth $12,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in WESCO International during the 2nd quarter valued at about $3,094,634,000. Bank of America Corp DE bought a new position in shares of WESCO International in the second quarter valued at approximately $296,304,000. Bank of New York Mellon Corp purchased a new position in shares of WESCO International during the second quarter valued at approximately $249,503,000. Alyeska Investment Group L.P. boosted its position in shares of WESCO International by 16.2% during the second quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company’s stock valued at $225,770,000 after buying an additional 91,321 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of WESCO International during the second quarter valued at approximately $175,189,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

Insider Transactions at WESCO International

In other news, EVP Daniel J. Castillo acquired 960 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the purchase, the executive vice president owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Laura Thompson sold 270 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by company insiders.

WESCO International Stock Up 2.9%

Shares of WESCO International stock opened at $339.18 on Wednesday. WESCO International, Inc. has a 1 year low of $219.62 and a 1 year high of $388.64. The stock has a fifty day moving average price of $350.12 and a 200-day moving average price of $325.79.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts expect that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 11th.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WCC. Barclays increased their price target on WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Weiss Ratings downgraded shares of WESCO International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their price target on shares of WESCO International from $430.00 to $435.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Finally, Zacks Research lowered shares of WESCO International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $402.83.

WESCO International Company Profile

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.