Castleark Management LLC Purchases New Position in WESCO International, Inc. $WCC

Castleark Management LLC acquired a new position in WESCO International, Inc. (NYSE:WCC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,347 shares of the technology company’s stock, valued at approximately $9,446,000. Castleark Management LLC owned approximately 0.06% of WESCO International at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WCC. Legal & General Group Plc bought a new position in WESCO International in the 2nd quarter valued at approximately $25,177,000. The Manufacturers Life Insurance Company bought a new stake in shares of WESCO International during the 2nd quarter valued at about $12,134,000. Jones Financial Companies Lllp bought a new stake in WESCO International during the second quarter valued at approximately $36,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of WESCO International in the 2nd quarter worth $10,363,000. Finally, Algert Global LLC raised its stake in shares of WESCO International by 103.3% in the second quarter. Algert Global LLC now owns 65,146 shares of the technology company’s stock worth $22,503,000 after buying an additional 33,109 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other WESCO International news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the transaction, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

WESCO International Stock Performance

Shares of NYSE:WCC opened at $339.38 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. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. WESCO International, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The firm has a 50 day moving average of $343.01 and a 200 day moving average of $323.32.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous 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 fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is currently 13.82%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson began coverage on shares of WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, KeyCorp increased their price target on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to 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.