Shares of Watsco, Inc. (NYSE:WSO) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $158.25.
A number of equities analysts have recently commented on the stock. Robert W. Baird restated a “buy” rating and set a $163.00 price objective on shares of Watsco in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Watsco from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. KeyCorp restated a “buy” rating on shares of Watsco in a research note on Friday, November 17th. Morgan Stanley increased their price objective on shares of Watsco from $141.00 to $151.00 and gave the stock an “underweight” rating in a research note on Monday, September 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $154.00 price objective on shares of Watsco in a research note on Thursday, September 7th.
Watsco (NYSE WSO) traded down $0.27 during trading on Monday, hitting $165.27. 431,907 shares of the stock were exchanged, compared to its average volume of 212,328. Watsco has a one year low of $134.08 and a one year high of $171.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.42 and a current ratio of 3.13. The firm has a market cap of $5,916.56, a P/E ratio of 30.83 and a beta of 0.83.
Watsco (NYSE:WSO) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.13). Watsco had a return on equity of 15.00% and a net margin of 4.46%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. analysts expect that Watsco will post 5.59 earnings per share for the current year.
In related news, SVP Barry S. Logan sold 3,246 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $164.30, for a total value of $533,317.80. Following the completion of the sale, the senior vice president now directly owns 15,800 shares in the company, valued at approximately $2,595,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.93% of the company’s stock.
A number of large investors have recently modified their holdings of WSO. San Francisco Sentry Investment Group CA acquired a new stake in Watsco during the second quarter worth approximately $125,000. Public Employees Retirement Association of Colorado lifted its position in Watsco by 15.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock worth $147,000 after acquiring an additional 129 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Watsco during the third quarter worth approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Watsco by 14.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,340 shares of the construction company’s stock worth $207,000 after acquiring an additional 166 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Watsco during the third quarter worth approximately $207,000. Institutional investors and hedge funds own 82.41% of the company’s stock.
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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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