DF Dent & Co. Inc. increased its stake in shares of Watsco, Inc. (NYSE:WSO) by 144.1% during the first quarter, Holdings Channel reports. The institutional investor owned 32,544 shares of the construction company’s stock after buying an additional 19,212 shares during the period. DF Dent & Co. Inc.’s holdings in Watsco were worth $4,660,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSO. GSA Capital Partners LLP boosted its position in Watsco by 260.7% in the fourth quarter. GSA Capital Partners LLP now owns 10,100 shares of the construction company’s stock valued at $1,496,000 after buying an additional 7,300 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of Watsco by 104.5% in the fourth quarter. A.R.T. Advisors LLC now owns 4,500 shares of the construction company’s stock worth $666,000 after buying an additional 2,300 shares during the last quarter. Flinton Capital Management LLC acquired a new position in shares of Watsco during the fourth quarter worth about $104,000. Pacad Investment Ltd. acquired a new position in shares of Watsco during the fourth quarter worth about $726,000. Finally, Credit Agricole S A acquired a new position in shares of Watsco during the fourth quarter worth about $323,000. 79.17% of the stock is currently owned by hedge funds and other institutional investors.
Watsco, Inc. (NYSE WSO) traded up 0.58% during mid-day trading on Wednesday, hitting $149.84. 320,256 shares of the company traded hands. The firm has a 50 day moving average of $140.88 and a 200 day moving average of $146.59. Watsco, Inc. has a one year low of $128.60 and a one year high of $159.55. The firm has a market capitalization of $4.89 billion, a P/E ratio of 29.10 and a beta of 0.82.
Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.13. The business had revenue of $872.10 million during the quarter, compared to the consensus estimate of $877.45 million. Watsco had a return on equity of 13.81% and a net margin of 4.13%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equities research analysts expect that Watsco, Inc. will post $5.62 earnings per share for the current fiscal year.
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A number of research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Watsco from $152.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Seaport Global Securities upgraded shares of Watsco from a “neutral” rating to a “buy” rating and increased their target price for the stock from $145.00 to $160.00 in a research report on Wednesday, April 26th. Finally, Zacks Investment Research lowered shares of Watsco from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $148.14.
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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