WESCO InternationalWCC
Market Cap: $7.62B
About: Wesco International is an industrial distributor that has three reportable segments, electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company offers more than 1.5 million products to its 140,000 active customers through a distribution network of 800 branches, warehouses, and sales offices, including 43 distribution centers. Wesco generates approximately 74% of its sales in the United States, but it has a global reach, with operations in 50 other countries.
Employees: 20,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
236% more call options, than puts
Call options by funds: $509M | Put options by funds: $152M
39% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 61
5% more funds holding
Funds holding: 447 [Q1] → 471 (+24) [Q2]
1.39% more ownership
Funds ownership: 92.41% [Q1] → 93.79% (+1.39%) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 161
6% less capital invested
Capital invested by funds: $8.06B [Q1] → $7.55B (-$508M) [Q2]
7% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 13 (-1) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Loop Capital Chris Dankert 56% 1-year accuracy 5 / 9 met price target | 27%upside $190 | Buy Maintained | 6 Aug 2024 |
Stephens & Co. Tommy Moll 92% 1-year accuracy 22 / 24 met price target | 27%upside $190 | Overweight Reiterated | 5 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 14%upside $171 | Sector Perform Maintained | 2 Aug 2024 |
Keybanc Ken Newman 47% 1-year accuracy 7 / 15 met price target | 30%upside $195 | Overweight Maintained | 2 Aug 2024 |
Baird David Manthey 48% 1-year accuracy 10 / 21 met price target | 15%upside $172 | Neutral Maintained | 2 Aug 2024 |