Versor Investments LP Has $1.04 Million Stock Holdings in Watsco, Inc. (NYSE:WSO)

Versor Investments LP grew its holdings in Watsco, Inc. (NYSE:WSO) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,200 shares of the construction company’s stock after buying an additional 200 shares during the quarter. Versor Investments LP’s holdings in Watsco were worth $1,043,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Watsco in the 4th quarter valued at $36,000. Ashton Thomas Securities LLC acquired a new position in shares of Watsco in the 3rd quarter valued at $43,000. Quarry LP grew its holdings in shares of Watsco by 57.9% in the 3rd quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after purchasing an additional 33 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Watsco in the 3rd quarter worth about $48,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Watsco in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

WSO has been the topic of several analyst reports. Robert W. Baird upped their target price on shares of Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Raymond James initiated coverage on shares of Watsco in a report on Friday, January 17th. They issued a “market perform” rating on the stock. Northcoast Research initiated coverage on shares of Watsco in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, Loop Capital upped their target price on shares of Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $486.25.

Watsco Stock Up 0.1 %

Shares of NYSE:WSO opened at $499.55 on Friday. Watsco, Inc. has a 12 month low of $387.58 and a 12 month high of $571.41. The company’s 50-day moving average price is $484.84 and its two-hundred day moving average price is $493.04. The firm has a market cap of $20.17 billion, a P/E ratio of 37.70 and a beta of 0.95.

Watsco (NYSE:WSO) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.24. Watsco had a net margin of 7.04% and a return on equity of 17.59%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.67 billion. As a group, equities analysts predict that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s dividend payout ratio is currently 81.51%.

Insiders Place Their Bets

In other news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total value of $5,589,293.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 12.86% of the company’s stock.

Watsco Profile

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.