Tudor Investment Corp Et Al bought a new position in Watsco Inc (NYSE:WSO) during the fourth quarter, Holdings Channel reports. The institutional investor bought 1,783 shares of the company’s stock, valued at approximately $264,000.
A number of other hedge funds have also recently bought and sold shares of WSO. Flinton Capital Management LLC purchased a new stake in Watsco during the fourth quarter worth approximately $104,000. Public Employees Retirement Association of Colorado boosted its position in Watsco by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 836 shares of the company’s stock worth $118,000 after buying an additional 3 shares during the period. Quantbot Technologies LP bought a new position in Watsco during the third quarter worth $131,000. First Financial Corp IN bought a new position in Watsco during the third quarter worth $150,000. Finally, Gideon Capital Advisors Inc. bought a new position in Watsco during the fourth quarter worth $221,000. Institutional investors own 66.86% of the company’s stock.
Watsco Inc (NYSE:WSO) opened at 144.56 on Wednesday. The firm has a market capitalization of $4.72 billion, a PE ratio of 28.06 and a beta of 0.76. The stock has a 50 day moving average price of $150.72 and a 200-day moving average price of $146.81. Watsco Inc has a 12-month low of $127.66 and a 12-month high of $159.55.
Watsco (NYSE:WSO) last posted its earnings results on Tuesday, February 14th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by $0.06. Watsco had a net margin of 4.10% and a return on equity of 13.79%. The business earned $913.30 million during the quarter, compared to analyst estimates of $947.76 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Watsco Inc will post $5.76 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Stephens cut Watsco from an “overweight” rating to an “equal weight” rating in a report on Tuesday, December 13th. They noted that the move was a valuation call. Zacks Investment Research cut Watsco from a “buy” rating to a “hold” rating in a report on Saturday, February 18th. Morgan Stanley cut Watsco from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $160.00 to $152.00 in a report on Monday, December 19th. Finally, Stifel Nicolaus boosted their price target on Watsco from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $145.91.
In related news, major shareholder Technologies Corp /De/ United sold 4,235,685 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $140.68, for a total value of $595,876,165.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.75% of the stock is owned by company insiders.
Watsco Company Profile
Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
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