Watsco, Inc. (NYSE:WSO) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $147.67.

Several analysts have recently commented on WSO shares. Zacks Investment Research downgraded shares of Watsco from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Seaport Global Securities upgraded shares of Watsco from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $160.00 in a research report on Wednesday, April 26th. Stifel Nicolaus raised their price objective on shares of Watsco from $152.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, BidaskClub upgraded shares of Watsco from a “sell” rating to a “hold” rating in a research report on Thursday.

Hedge funds have recently made changes to their positions in the stock. Flinton Capital Management LLC bought a new stake in shares of Watsco during the fourth quarter worth about $104,000. Creative Planning increased 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 worth $140,000 after buying an additional 14 shares in the last quarter. Meadow Creek Investment Management LLC increased 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 worth $151,000 after buying an additional 88 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $168,000 after buying an additional 343 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in shares of Watsco by 9.1% in the first quarter. Glen Harbor Capital Management LLC now owns 1,344 shares of the construction company’s stock worth $192,000 after buying an additional 112 shares in the last quarter. Institutional investors own 79.17% of the company’s stock.

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Watsco (WSO) traded up 0.57% on Monday, hitting $150.60. 99,434 shares of the stock traded hands. The company’s 50 day moving average price is $141.67 and its 200-day moving average price is $146.66. Watsco has a 52-week low of $128.60 and a 52-week high of $159.55. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 29.25 and a beta of 0.82.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Tuesday, April 25th. The construction company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.13. The firm had revenue of $872.10 million for the quarter, compared to the consensus estimate of $877.45 million. Watsco had a net margin of 4.13% and a return on equity of 13.81%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. On average, analysts forecast that Watsco will post $5.62 earnings per share for the current fiscal year.

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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