Marathon Asset Management Ltd Lowers Stock Holdings in WESCO International, Inc. $WCC

Marathon Asset Management Ltd lowered its stake in shares of WESCO International, Inc. (NYSE:WCC) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 52,418 shares of the technology company’s stock after selling 5,096 shares during the period. Marathon Asset Management Ltd’s holdings in WESCO International were worth $12,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of WESCO International by 19.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock valued at $145,222,000 after acquiring an additional 111,930 shares during the period. Davis Selected Advisers lifted its position in shares of WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after acquiring an additional 71,932 shares during the period. BNP Paribas Financial Markets lifted its position in shares of WESCO International by 516.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock valued at $7,659,000 after acquiring an additional 34,649 shares during the period. Ameriprise Financial Inc. raised its position in shares of WESCO International by 6.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock worth $68,541,000 after purchasing an additional 19,056 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of WESCO International by 10.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 194,893 shares of the technology company’s stock worth $41,220,000 after purchasing an additional 18,377 shares during the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Insider Transactions at WESCO International

In other WESCO International news, EVP Diane Lazzaris sold 9,910 shares of WESCO International stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the completion of the sale, the executive vice president directly owned 19,611 shares of the company’s stock, valued at approximately $7,049,762.28. The trade was a 33.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David S. Schulz sold 31,951 shares of WESCO International stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the sale, the chief financial officer directly owned 77,038 shares of the company’s stock, valued at $27,767,576.72. The trade was a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 144,486 shares of company stock worth $51,846,641 in the last three months. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WCC has been the subject of several research reports. Stephens lifted their price objective on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. KeyCorp lifted their price objective on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada lifted their price objective on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Barclays lifted their price objective on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $321.38.

WESCO International Stock Down 3.1%

WCC stock opened at $337.22 on Wednesday. The stock has a market capitalization of $16.43 billion, a P/E ratio of 23.97, a PEG ratio of 2.19 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12. WESCO International, Inc. has a one year low of $161.70 and a one year high of $374.00. The company has a 50 day moving average price of $302.11 and a two-hundred day moving average price of $283.35.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, topping the consensus estimate of $2.88 by $0.49. The firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. WESCO International’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, sell-side analysts expect that WESCO International, Inc. will post 15.9 EPS for the current year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s dividend payout ratio is presently 14.21%.

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.