WESCO International, Inc. $WCC Position Lessened by Gabelli Funds LLC

Gabelli Funds LLC lowered its position in WESCO International, Inc. (NYSE:WCC) by 29.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,550 shares of the technology company’s stock after selling 4,840 shares during the quarter. Gabelli Funds LLC’s holdings in WESCO International were worth $2,443,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC raised its stake in shares of WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after purchasing an additional 134 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of WESCO International in the 3rd quarter valued at approximately $37,000. First Horizon Advisors Inc. grew its stake in shares of WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after buying an additional 131 shares in the last quarter. Rossby Financial LCC grew its stake in shares of WESCO International by 117.4% in the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after buying an additional 108 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in WESCO International by 33.0% in the third quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock worth $125,000 after buying an additional 146 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Up 0.3%

Shares of WESCO International stock opened at $268.75 on Wednesday. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $319.67. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average price of $285.57 and a two-hundred day moving average price of $254.21. The stock has a market capitalization of $13.08 billion, a P/E ratio of 20.58, a PEG ratio of 1.72 and a beta of 1.45.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the business earned $3.16 EPS. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Equities analysts expect that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.50 dividend. This is a boost from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, March 13th. This represents a $2.00 annualized dividend and a yield of 0.7%. WESCO International’s payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WCC. Royal Bank Of Canada lifted their target price 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. JPMorgan Chase & Co. raised their price target on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. KeyCorp set a $340.00 price objective on shares of WESCO International 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 note on Saturday, January 17th. Finally, Barclays upped their price objective on shares of WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $276.00.

Insiders Place Their Bets

In other WESCO International news, EVP Diane Lazzaris sold 17,294 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $305.00, for a total transaction of $5,274,670.00. Following the completion of the transaction, the executive vice president owned 29,065 shares of the company’s stock, valued at $8,864,825. The trade was a 37.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 20,114 shares of company stock worth $6,128,353. 3.10% of the stock is owned by insiders.

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.