Public Employees Retirement Association of Colorado Acquires 83,650 Shares of WESCO International, Inc. $WCC

Public Employees Retirement Association of Colorado increased its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 1,674.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,645 shares of the technology company’s stock after buying an additional 83,650 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in WESCO International were worth $21,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WCC. 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 worth $145,222,000 after buying an additional 111,930 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after buying an additional 79,612 shares during the last quarter. 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 worth $89,172,000 after buying an additional 71,932 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new stake in shares of WESCO International during the 4th quarter worth $17,545,000. Finally, Bank of New York Mellon Corp lifted its position in shares of WESCO International by 4.8% during the 4th quarter. Bank of New York Mellon Corp now owns 822,568 shares of the technology company’s stock worth $201,233,000 after buying an additional 37,972 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on WCC. Barclays upped 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. Stephens upped 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. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. KeyCorp raised their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada raised their price objective on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $321.38.

Insider Activity

In other WESCO International news, EVP Diane Lazzaris sold 9,910 shares of WESCO International stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $359.48, for a total transaction of $3,562,446.80. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Engel sold 79,440 shares of WESCO International stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $358.75, for a total value of $28,499,100.00. Following the transaction, the chief executive officer directly owned 478,946 shares in the company, valued at $171,821,877.50. The trade was a 14.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is owned by corporate insiders.

WESCO International Stock Performance

Shares of WESCO International stock opened at $346.32 on Monday. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a twelve month low of $171.36 and a twelve month high of $377.90. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 2.18 and a beta of 1.53. The company’s fifty day moving average is $336.07 and its 200 day moving average is $296.41.

WESCO International (NYSE:WCC) last announced 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 for the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Sell-side analysts forecast that WESCO International, Inc. will post 15.9 EPS for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s payout ratio is presently 14.21%.

WESCO International Company 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.