Versor Investments LP Has $353,000 Stock Position in Watsco, Inc. $WSO

Versor Investments LP lowered its position in shares of Watsco, Inc. (NYSE:WSO) by 76.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 799 shares of the construction company’s stock after selling 2,602 shares during the quarter. Versor Investments LP’s holdings in Watsco were worth $353,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Watsco by 0.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,557,610 shares of the construction company’s stock worth $791,734,000 after acquiring an additional 7,760 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Watsco by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,454,512 shares of the construction company’s stock worth $739,088,000 after acquiring an additional 82,977 shares during the last quarter. Blair William & Co. IL boosted its position in Watsco by 5.7% during the 1st quarter. Blair William & Co. IL now owns 814,712 shares of the construction company’s stock worth $414,118,000 after acquiring an additional 43,776 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Watsco by 4.0% during the 1st quarter. JPMorgan Chase & Co. now owns 496,428 shares of the construction company’s stock worth $252,335,000 after acquiring an additional 18,958 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Watsco by 62.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 468,875 shares of the construction company’s stock worth $238,329,000 after acquiring an additional 180,951 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Price Performance

Shares of Watsco stock opened at $357.59 on Thursday. The business has a fifty day simple moving average of $384.85 and a two-hundred day simple moving average of $427.51. Watsco, Inc. has a 1 year low of $350.00 and a 1 year high of $571.41. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 27.94 and a beta of 0.93.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.60 by ($0.62). Watsco had a net margin of 7.04% and a return on equity of 16.48%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business earned $4.22 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 16th were given a dividend of $3.00 per share. The ex-dividend date was Thursday, October 16th. This represents a $12.00 annualized dividend and a yield of 3.4%. Watsco’s dividend payout ratio (DPR) is presently 93.75%.

Analyst Ratings Changes

WSO has been the subject of a number of recent research reports. Mizuho reduced their price target on Watsco from $525.00 to $400.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. UBS Group dropped their price objective on Watsco from $450.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Watsco in a research note on Thursday, October 30th. Morgan Stanley dropped their price objective on Watsco from $505.00 to $460.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Watsco from $400.00 to $360.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Watsco has an average rating of “Hold” and a consensus price target of $440.83.

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.