Jupiter Topco LLC Makes New Investment in WESCO International, Inc. $WCC

Jupiter Topco LLC acquired a new stake in WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,423 shares of the technology company’s stock, valued at approximately $7,399,000.

A number of other hedge funds also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. raised its stake in WESCO International by 8.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after acquiring an additional 31,210 shares during the period. Geode Capital Management LLC boosted its position in WESCO International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after purchasing an additional 14,739 shares during the period. BlackRock Inc. bought a new position in WESCO International during the second quarter worth $3,094,634,000. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock valued at $45,506,000 after purchasing an additional 79,612 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of WESCO International by 103.3% in the second quarter. Algert Global LLC now owns 65,146 shares of the technology company’s stock valued at $22,503,000 after purchasing an additional 33,109 shares during the period. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Trading Down 0.0%

Shares of WESCO International stock opened at $336.34 on Monday. The firm has a 50-day moving average of $342.01 and a 200-day moving average of $324.14. The stock has a market cap of $16.39 billion, a PE ratio of 23.24, a PEG ratio of 2.01 and a beta of 1.54. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. WESCO International’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, sell-side analysts forecast that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 11th. WESCO International’s payout ratio is presently 13.82%.

Insider Activity

In other WESCO International news, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the transaction, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the transaction, the director directly owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WCC. Royal Bank Of Canada raised their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Barclays increased their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, DA Davidson assumed coverage on WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $374.29.

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.