WESCO International, Inc. (NYSE:WCC) Short Interest Update

WESCO International, Inc. (NYSE:WCC) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,634,245 shares, a decline of 23.1% from the March 15th total of 2,126,202 shares. Based on an average trading volume of 549,253 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.5% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, EVP Diane Lazzaris sold 17,294 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $305.00, for a total value of $5,274,670.00. Following the sale, the executive vice president directly owned 29,065 shares in the company, valued at $8,864,825. This represents a 37.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Castillo acquired 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were bought at an average cost of $266.06 per share, for a total transaction of $372,484.00. Following the purchase, the executive vice president owned 15,300 shares of the company’s stock, valued at approximately $4,070,718. The trade was a 10.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 20,114 shares of company stock valued at $6,128,353. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WESCO International

A number of institutional investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in WESCO International by 19.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock worth $145,222,000 after acquiring an additional 111,930 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of WESCO International by 1,674.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after purchasing an additional 83,650 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its position in WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after purchasing an additional 79,612 shares in the last quarter. Davis Selected Advisers increased its position in WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after purchasing an additional 71,932 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC purchased a new position in WESCO International in the fourth quarter valued at approximately $17,545,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Trading Up 3.4%

Shares of WCC traded up $10.53 during mid-day trading on Friday, hitting $318.40. The company had a trading volume of 489,915 shares, compared to its average volume of 482,557. WESCO International has a 1-year low of $142.14 and a 1-year high of $324.34. The business’s 50-day simple moving average is $283.86 and its 200-day simple moving average is $265.54. The stock has a market cap of $15.49 billion, a PE ratio of 24.38, a P/E/G ratio of 1.98 and a beta of 1.44. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.15.

WESCO International (NYSE:WCC) last issued its quarterly earnings results 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 business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the company posted $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Sell-side analysts forecast that WESCO International will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.50 dividend. This is an increase from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is 15.31%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WCC. JPMorgan Chase & Co. lifted their price target on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Royal Bank Of Canada upped their price objective on shares of WESCO International from $316.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Barclays lifted their target price on shares of WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, KeyCorp set a $340.00 price target on WESCO International in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, WESCO International has a consensus rating of “Moderate Buy” and an average price target of $276.00.

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.