ARGA Investment Management LP Has $2.75 Million Stake in WESCO International, Inc. $WCC

ARGA Investment Management LP trimmed its holdings in WESCO International, Inc. (NYSE:WCC) by 48.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,019 shares of the technology company’s stock after selling 12,121 shares during the quarter. ARGA Investment Management LP’s holdings in WESCO International were worth $2,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in WESCO International by 172.5% in the third quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company’s stock valued at $2,272,000 after acquiring an additional 6,800 shares during the period. Norman Fields Gottscho Capital Management LLC raised its holdings in shares of WESCO International by 112.7% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock valued at $2,916,000 after purchasing an additional 7,303 shares during the last quarter. Regency Capital Management Inc. DE acquired a new position in shares of WESCO International during the 3rd quarter worth about $3,215,000. Third Avenue Management LLC boosted its position in WESCO International by 35.6% during the second quarter. Third Avenue Management LLC now owns 20,093 shares of the technology company’s stock valued at $3,721,000 after purchasing an additional 5,271 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of WESCO International in the third quarter valued at $1,923,000. 93.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the transaction, the executive vice president directly owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. This trade represents a 13.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the sale, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at approximately $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 in the last three months. Company insiders own 3.30% of the company’s stock.

WESCO International Stock Down 1.3%

WCC stock opened at $286.46 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $13.94 billion, a PE ratio of 22.47, a P/E/G ratio of 1.84 and a beta of 1.45. The stock’s 50 day moving average is $263.69 and its 200-day moving average is $234.48. WESCO International, Inc. has a twelve month low of $125.21 and a twelve month high of $291.01.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the business earned $3.58 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Sell-side analysts expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on WCC. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. upped their target price on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. KeyCorp lifted their target price on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Barclays upped their price target on shares of WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, WESCO International currently has an average rating of “Moderate Buy” and an average price target 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.