Victory Capital Management Inc. increased its position in shares of Watsco Inc. (NYSE:WSO) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 7,670 shares of the company’s stock after buying an additional 395 shares during the period. Victory Capital Management Inc.’s holdings in Watsco were worth $1,079,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WSO. Fuller & Thaler Asset Management Inc. bought a new position in Watsco during the second quarter worth $120,000. Creative Planning raised its position in Watsco by 1.8% in the second quarter. Creative Planning now owns 966 shares of the company’s stock worth $136,000 after buying an additional 17 shares during the period. Gray Financial Group GA ADV ADV bought a new position in Watsco during the second quarter worth $141,000. Seven Eight Capital LLC raised its position in Watsco by 275.0% in the first quarter. Seven Eight Capital LLC now owns 1,500 shares of the company’s stock worth $202,000 after buying an additional 1,100 shares during the period. Finally, Advisor Partners LLC bought a new position in Watsco during the first quarter worth $204,000. 67.33% of the stock is owned by institutional investors.
Watsco Inc. (NYSE:WSO) traded up 0.68% during trading on Thursday, reaching $141.12. The company had a trading volume of 68,985 shares. The stock has a 50 day moving average price of $144.74 and a 200 day moving average price of $137.56. The firm has a market capitalization of $4.60 billion, a P/E ratio of 28.60 and a beta of 1.03. Watsco Inc. has a 52 week low of $106.58 and a 52 week high of $149.99.
Watsco (NYSE:WSO) last issued its quarterly earnings data on Friday, July 22nd. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by $0.22. The business earned $1.21 billion during the quarter, compared to the consensus estimate of $1.29 billion. Watsco had a return on equity of 13.65% and a net margin of 4.05%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.85 EPS. Analysts predict that Watsco Inc. will post $5.31 earnings per share for the current year.
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Watsco from $131.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Susquehanna assumed coverage on Watsco in a research note on Wednesday, June 1st. They set a “positive” rating and a $154.00 target price on the stock. Stifel Nicolaus cut their target price on Watsco from $154.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Barclays PLC set a $113.00 target price on Watsco and gave the company a “sell” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research upgraded Watsco from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $138.50.
Watsco Company Profile
Watsco, Inc (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.
Want to see what other hedge funds are holding WSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watsco Inc. (NYSE:WSO).
Receive News & Ratings for Watsco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco Inc. and related companies with MarketBeat.com's FREE daily email newsletter.