Amalgamated Bank Has $4.66 Million Stake in WESCO International, Inc. $WCC

Amalgamated Bank lifted its stake in WESCO International, Inc. (NYSE:WCC) by 8.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,030 shares of the technology company’s stock after purchasing an additional 1,768 shares during the quarter. Amalgamated Bank’s holdings in WESCO International were worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in WESCO International in the 3rd quarter valued at approximately $416,000. TD Private Client Wealth LLC boosted its stake in shares of WESCO International by 93.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,870 shares of the technology company’s stock valued at $819,000 after buying an additional 1,872 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of WESCO International by 7.7% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 9,766 shares of the technology company’s stock valued at $2,066,000 after acquiring an additional 700 shares in the last quarter. Foster & Motley Inc. increased its stake in shares of WESCO International by 4.4% in the third quarter. Foster & Motley Inc. now owns 2,117 shares of the technology company’s stock worth $448,000 after acquiring an additional 90 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of WESCO International by 172.5% in the third quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company’s stock worth $2,272,000 after acquiring an additional 6,800 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other WESCO International news, EVP Diane Lazzaris sold 7,522 shares of WESCO International stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the sale, the executive vice president owned 45,401 shares in the company, valued at $11,622,656. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total transaction of $200,012.20. Following the completion of the sale, the chief accounting officer directly owned 3,320 shares in the company, valued at $840,557.60. This trade represents a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,036 shares of company stock valued at $4,385,254 over the last ninety days. 3.30% of the stock is owned by company insiders.

WESCO International Stock Performance

NYSE:WCC opened at $285.74 on Thursday. The firm’s 50-day moving average is $262.46 and its 200-day moving average is $233.42. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.76 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.20 and a current ratio of 2.09. WESCO International, Inc. has a 52-week low of $125.21 and a 52-week high of $289.41.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.75 by $0.17. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the firm posted $3.58 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Equities research analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.4538 dividend. This represents a $1.82 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is 14.27%.

Analyst Ratings Changes

WCC has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. KeyCorp boosted their target price on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $265.50.

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.