Watsco Inc (WSO) Stake Boosted by Stephens Inc. AR

Stephens Inc. AR lifted its holdings in Watsco Inc (NYSE:WSO) by 174.5% in the first quarter, HoldingsChannel.com reports. The fund owned 5,436 shares of the construction company’s stock after buying an additional 3,456 shares during the quarter. Stephens Inc. AR’s holdings in Watsco were worth $779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WSO. Quadrant Capital Group LLC raised its position in Watsco by 194.1% during the first quarter. Quadrant Capital Group LLC now owns 200 shares of the construction company’s stock valued at $27,000 after purchasing an additional 132 shares during the period. Tompkins Financial Corp raised its position in Watsco by 63.3% during the first quarter. Tompkins Financial Corp now owns 178 shares of the construction company’s stock valued at $32,000 after purchasing an additional 69 shares during the period. Enlightenment Research LLC purchased a new stake in Watsco during the fourth quarter valued at approximately $42,000. AdvisorNet Financial Inc purchased a new stake in Watsco during the fourth quarter valued at approximately $47,000. Finally, Washington Trust Bank raised its position in Watsco by 4,757.1% during the first quarter. Washington Trust Bank now owns 340 shares of the construction company’s stock valued at $49,000 after purchasing an additional 333 shares during the period. 80.54% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded Watsco from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $171.50.

Shares of NYSE WSO traded up $1.43 during midday trading on Tuesday, hitting $158.18. The company’s stock had a trading volume of 13,447 shares, compared to its average volume of 300,903. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.27 and a current ratio of 3.17. Watsco Inc has a 12-month low of $131.88 and a 12-month high of $191.86. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.86 and a beta of 0.98.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. Watsco had a return on equity of 14.23% and a net margin of 5.05%. The company had revenue of $931.30 million for the quarter, compared to analysts’ expectations of $942.05 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Watsco’s revenue was up .5% compared to the same quarter last year. Sell-side analysts predict that Watsco Inc will post 6.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a $1.60 dividend. The ex-dividend date was Friday, April 12th. This represents a $6.40 annualized dividend and a yield of 4.05%. Watsco’s dividend payout ratio (DPR) is currently 98.61%.

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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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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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