Mason Street Advisors LLC Boosts Stake in Watsco Inc (WSO)

Mason Street Advisors LLC increased its holdings in Watsco Inc (NYSE:WSO) by 1.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,090 shares of the construction company’s stock after buying an additional 267 shares during the period. Mason Street Advisors LLC’s holdings in Watsco were worth $2,447,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc lifted its position in Watsco by 2.8% in the 4th quarter. Legal & General Group Plc now owns 46,053 shares of the construction company’s stock valued at $6,408,000 after purchasing an additional 1,261 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Watsco during the 4th quarter worth about $500,000. Underhill Investment Management LLC bought a new stake in shares of Watsco during the 1st quarter worth about $7,561,000. Oakbrook Investments LLC raised its position in shares of Watsco by 24.1% during the 4th quarter. Oakbrook Investments LLC now owns 2,575 shares of the construction company’s stock worth $358,000 after buying an additional 500 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of Watsco by 18.1% during the 4th quarter. Cetera Advisors LLC now owns 2,488 shares of the construction company’s stock worth $347,000 after buying an additional 382 shares in the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

WSO stock opened at $157.76 on Thursday. Watsco Inc has a 52 week low of $131.88 and a 52 week high of $191.86. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.86 and a beta of 0.98. 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 (NYSE:WSO) last released its earnings results on Tuesday, April 23rd. The construction company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. Watsco had a net margin of 5.05% and a return on equity of 14.23%. The business had revenue of $931.30 million for the quarter, compared to the consensus estimate of $942.05 million. During the same period in the previous year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts expect that Watsco Inc will post 6.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a $1.60 dividend. The ex-dividend date was Friday, April 12th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.06%. Watsco’s payout ratio is currently 98.61%.

Separately, Zacks Investment Research upgraded shares of Watsco from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Watsco currently has a consensus rating of “Hold” and a consensus price target of $171.50.

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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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