Compass Ion Advisors LLC acquired a new position in shares of Watsco Inc (NYSE:WSO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,988 shares of the construction company’s stock, valued at approximately $718,000. Watsco comprises about 0.4% of Compass Ion Advisors LLC’s investment portfolio, making the stock its 21st largest holding.
Other hedge funds and other institutional investors have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Watsco by 3.7% during the third quarter. LS Investment Advisors LLC now owns 1,631 shares of the construction company’s stock valued at $276,000 after acquiring an additional 58 shares during the period. Penserra Capital Management LLC increased its stake in Watsco by 25.0% during the third quarter. Penserra Capital Management LLC now owns 310 shares of the construction company’s stock valued at $52,000 after acquiring an additional 62 shares during the period. Fulcrum Equity Management increased its stake in Watsco by 3.1% during the third quarter. Fulcrum Equity Management now owns 2,269 shares of the construction company’s stock valued at $384,000 after acquiring an additional 68 shares during the period. World Asset Management Inc increased its stake in Watsco by 3.7% during the third quarter. World Asset Management Inc now owns 2,006 shares of the construction company’s stock valued at $339,000 after acquiring an additional 72 shares during the period. Finally, Advisor Partners LLC increased its stake in Watsco by 5.1% during the third quarter. Advisor Partners LLC now owns 1,503 shares of the construction company’s stock valued at $254,000 after acquiring an additional 73 shares during the period. 79.00% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Buckingham Research lowered their price target on Watsco from $165.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Watsco from $132.00 to $138.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Robert W. Baird upped their price objective on Watsco from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Morgan Stanley upped their price objective on Watsco from $145.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $160.40.
Shares of WSO stock traded down $0.10 during trading hours on Friday, hitting $175.90. The company had a trading volume of 21,301 shares, compared to its average volume of 183,080. Watsco Inc has a 12 month low of $136.45 and a 12 month high of $183.00. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 27.10 and a beta of 0.82. The firm’s fifty day moving average is $178.89 and its 200 day moving average is $169.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 3.12.
Watsco (NYSE:WSO) last released its quarterly earnings results on Thursday, October 17th. The construction company reported $2.20 EPS for the quarter, missing the Zacks’ consensus estimate of $2.23 by ($0.03). The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Watsco had a return on equity of 15.07% and a net margin of 5.29%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $2.11 earnings per share. On average, sell-side analysts expect that Watsco Inc will post 6.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $1.60 per share. The ex-dividend date is Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.64%. Watsco’s dividend payout ratio (DPR) is presently 98.61%.
Watsco Company Profile
Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
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