Watsco, Inc. (WSO) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Watsco, Inc. (NYSE:WSO) by 0.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,436 shares of the construction company’s stock after purchasing an additional 1 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Watsco were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. Sphera Funds Management LTD. bought a new stake in Watsco during the second quarter valued at approximately $324,000. Artemis Investment Management LLP bought a new stake in Watsco during the second quarter valued at approximately $8,673,000. Swiss National Bank lifted its position in Watsco by 1.2% during the second quarter. Swiss National Bank now owns 50,644 shares of the construction company’s stock valued at $7,809,000 after purchasing an additional 600 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Watsco by 0.5% during the second quarter. Eagle Asset Management Inc. now owns 58,194 shares of the construction company’s stock valued at $8,973,000 after purchasing an additional 295 shares during the last quarter. Finally, Crawford Investment Counsel Inc. lifted its position in Watsco by 185.6% during the second quarter. Crawford Investment Counsel Inc. now owns 136,785 shares of the construction company’s stock valued at $21,092,000 after purchasing an additional 88,890 shares during the last quarter. Institutional investors and hedge funds own 81.62% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Watsco from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of Watsco from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and issued a $154.00 price objective on shares of Watsco in a report on Thursday, September 7th. Wolfe Research assumed coverage on shares of Watsco in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Robert W. Baird restated a “buy” rating and issued a $163.00 price objective on shares of Watsco in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $159.50.
Shares of Watsco, Inc. (NYSE WSO) opened at 155.00 on Friday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 28.66 and a beta of 0.82. Watsco, Inc. has a one year low of $128.60 and a one year high of $159.55. The stock has a 50 day moving average of $148.59 and a 200-day moving average of $146.17.
Watsco (NYSE:WSO) last posted its earnings results on Tuesday, July 25th. The construction company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Watsco had a return on equity of 14.52% and a net margin of 4.29%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. On average, equities analysts expect that Watsco, Inc. will post $5.78 earnings per share for the current year.
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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