Aperio Group LLC Purchases 393 Shares of Watsco, Inc. (WSO)

Aperio Group LLC boosted its stake in Watsco, Inc. (NYSE:WSO) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 6,079 shares of the construction company’s stock after buying an additional 393 shares during the period. Aperio Group LLC’s holdings in Watsco were worth $937,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WSO. Flinton Capital Management LLC raised its stake in shares of Watsco by 9.1% in the first quarter. Flinton Capital Management LLC now owns 768 shares of the construction company’s stock valued at $110,000 after buying an additional 64 shares during the last quarter. Winslow Evans & Crocker Inc. raised its stake in shares of Watsco by 300.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 800 shares of the construction company’s stock valued at $123,000 after buying an additional 600 shares during the last quarter. Creative Planning raised its stake in shares of Watsco by 1.5% in the first quarter. Creative Planning now owns 979 shares of the construction company’s stock valued at $140,000 after buying an additional 14 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Watsco by 9.1% in the first quarter. Meadow Creek Investment Management LLC now owns 1,056 shares of the construction company’s stock valued at $151,000 after buying an additional 88 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Watsco by 41.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,174 shares of the construction company’s stock valued at $168,000 after buying an additional 343 shares during the last quarter. 79.58% of the stock is currently owned by institutional investors.

Shares of Watsco, Inc. (WSO) traded down 0.1705% during mid-day trading on Friday, reaching $146.6595. The company had a trading volume of 130,583 shares. The stock has a market capitalization of $4.79 billion, a P/E ratio of 27.1190 and a beta of 0.83. Watsco, Inc. has a 12-month low of $128.60 and a 12-month high of $159.55. The firm’s 50 day moving average is $151.12 and its 200-day moving average is $146.88.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Tuesday, July 25th. The construction company reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.05. Watsco had a return on equity of 14.52% and a net margin of 4.29%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company earned $1.82 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Watsco, Inc. will post $5.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Thursday, July 13th. This is a positive change from Watsco’s previous quarterly dividend of $1.05. Watsco’s dividend payout ratio (DPR) is 93.11%.

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Several analysts recently commented on WSO shares. Zacks Investment Research raised Watsco from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Tuesday, August 1st. BidaskClub raised Watsco from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Stifel Nicolaus boosted their price target on Watsco from $152.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Seaport Global Securities raised Watsco from a “neutral” rating to a “buy” rating and boosted their price target for the company from $145.00 to $160.00 in a research note on Wednesday, April 26th. Finally, Wolfe Research started coverage on Watsco in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $163.20.

About Watsco

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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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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