Commerce Bank Acquires Shares of 1,830 WESCO International, Inc. $WCC

Commerce Bank acquired a new position in shares of WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,830 shares of the technology company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of WESCO International in the 2nd quarter valued at about $3,094,634,000. Bank of New York Mellon Corp grew its stake in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after buying an additional 84,905 shares during the last quarter. Geode Capital Management LLC grew its stake in WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after buying an additional 14,739 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in WESCO International by 8.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after buying an additional 31,210 shares during the period. Finally, Davis Selected Advisers lifted its stake in WESCO International by 24.6% in the fourth quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after buying an additional 71,932 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Stock Performance

Shares of WCC opened at $346.72 on Thursday. The stock has a market capitalization of $16.90 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.02 and a beta of 1.54. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The company’s fifty day moving average is $342.90 and its two-hundred day moving average is $323.65. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 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 the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, sell-side analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current year.

Insider Activity

In related news, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director owned 10,720 shares in the company, valued at $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction dated Tuesday, August 4th. The shares were 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 owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WCC. Barclays increased their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, WESCO International has an average rating of “Buy” and an average price target of $374.29.

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.