Pacer Advisors Inc. Has $1.42 Million Stake in WESCO International, Inc. $WCC

Pacer Advisors Inc. lowered its stake in shares of WESCO International, Inc. (NYSE:WCC) by 36.0% during the fourth quarter, Holdings Channel reports. The fund owned 5,820 shares of the technology company’s stock after selling 3,272 shares during the period. Pacer Advisors Inc.’s holdings in WESCO International were worth $1,424,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WCC. EverSource Wealth Advisors LLC raised its holdings in WESCO International by 95.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after purchasing an additional 368 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of WESCO International during the 2nd quarter worth approximately $573,000. California State Teachers Retirement System grew its position in shares of WESCO International by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after buying an additional 365 shares during the period. BNP Paribas Financial Markets raised its stake in shares of WESCO International by 516.8% during the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after buying an additional 34,649 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after buying an additional 54 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Hemant Porwal sold 4,445 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $363.21, for a total value of $1,614,468.45. Following the transaction, the executive vice president directly owned 16,618 shares of the company’s stock, valued at $6,035,823.78. This represents a 21.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Schulz sold 31,951 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the transaction, the chief financial officer directly owned 77,038 shares in the company, valued at approximately $27,767,576.72. This represents a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 164,600 shares of company stock worth $57,974,994 in the last quarter. Company insiders own 2.60% of the company’s stock.

WESCO International Stock Up 3.3%

NYSE:WCC opened at $372.54 on Friday. The stock has a 50-day simple moving average of $297.91 and a 200 day simple moving average of $280.75. WESCO International, Inc. has a 52-week low of $161.70 and a 52-week high of $374.00. The company has a market cap of $18.15 billion, a PE ratio of 26.48, a PEG ratio of 2.27 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 (NYSE:WCC) last issued its quarterly 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. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the previous year, the firm posted $2.21 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, sell-side analysts expect that WESCO International, Inc. will post 15.9 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s payout ratio is presently 14.21%.

Wall Street Analyst Weigh In

WCC has been the subject of a number of analyst reports. KeyCorp lifted their price objective on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised their target price on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $321.38.

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.