Watsco Inc (NYSE:WSO)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $182.90 and last traded at $183.00, with a volume of 220723 shares trading hands. The stock had previously closed at $181.27.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Watsco from a “buy” rating to a “hold” rating and set a $201.00 price objective on the stock. in a research note on Saturday, February 3rd. Stephens set a $169.00 target price on Watsco and gave the stock a “hold” rating in a research note on Thursday, February 8th. Susquehanna Bancshares set a $195.00 target price on Watsco and gave the stock a “buy” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered their target price on Watsco from $180.00 to $169.00 and set a “neutral” rating on the stock in a research note on Monday, February 12th. Finally, KeyCorp reiterated a “buy” rating on shares of Watsco in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Watsco currently has an average rating of “Hold” and an average target price of $168.88.
The company has a market capitalization of $6,778.87, a P/E ratio of 31.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.21 and a quick ratio of 1.38.
Watsco (NYSE:WSO) last released its earnings results on Thursday, February 8th. The construction company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.10). The business had revenue of $964.35 million for the quarter, compared to the consensus estimate of $965.85 million. Watsco had a return on equity of 14.66% and a net margin of 4.80%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. sell-side analysts expect that Watsco Inc will post 6.81 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Watsco by 28.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,222 shares of the construction company’s stock worth $548,000 after acquiring an additional 710 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Watsco in the 4th quarter worth about $435,000. Envestnet Asset Management Inc. increased its holdings in Watsco by 80.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,336 shares of the construction company’s stock worth $907,000 after acquiring an additional 2,385 shares during the last quarter. DF Dent & Co. Inc. increased its holdings in Watsco by 12.6% in the 4th quarter. DF Dent & Co. Inc. now owns 484,258 shares of the construction company’s stock worth $82,343,000 after acquiring an additional 54,133 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in Watsco in the 4th quarter worth about $3,283,000. 85.11% of the stock is owned by institutional investors.
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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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