UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,800 Shares of WESCO International, Inc. $WCC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in WESCO International, Inc. (NYSE:WCC) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,650 shares of the technology company’s stock after selling 2,800 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in WESCO International were worth $53,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new stake in shares of WESCO International during the 2nd quarter worth $26,000. Transamerica Financial Advisors LLC bought a new position in WESCO International in the second quarter valued at $27,000. Jones Financial Companies Lllp purchased a new stake in WESCO International during the second quarter valued at about $36,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in WESCO International during the second quarter valued at about $38,000. Finally, Brown Brothers Harriman & Co. lifted its stake in WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Insider Buying and Selling

In other news, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the purchase, the executive vice president directly owned 16,305 shares in the company, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Royal Bank Of Canada lifted their price target on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $374.29.

WESCO International Stock Up 0.4%

WCC opened at $333.25 on Thursday. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average price is $340.63 and its 200-day moving average price is $324.99. The company has a market cap of $16.24 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.97 and a beta of 1.53.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the business posted $3.83 EPS. WESCO International’s quarterly revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts expect that WESCO International, Inc. will post 16.89 EPS for the current year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is currently 13.82%.

WESCO International Profile

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.