Watsco, Inc. (NYSE:WSO) has earned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $158.25.

WSO has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and issued a $163.00 price objective on shares of Watsco in a research note on Friday, September 1st. Zacks Investment Research cut Watsco from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Morgan Stanley lifted their price target on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, October 26th. BidaskClub cut Watsco from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $154.00 price target on shares of Watsco in a research report on Thursday, September 7th.

In related news, SVP Barry S. Logan sold 3,246 shares of Watsco stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total transaction of $533,317.80. Following the completion of the transaction, the senior vice president now directly owns 15,800 shares in the company, valued at $2,595,940. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.93% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. TimesSquare Capital Management LLC grew its holdings in Watsco by 198.9% in the second quarter. TimesSquare Capital Management LLC now owns 753,600 shares of the construction company’s stock valued at $116,205,000 after purchasing an additional 501,450 shares during the period. Ameriprise Financial Inc. grew its holdings in Watsco by 54.7% in the second quarter. Ameriprise Financial Inc. now owns 875,680 shares of the construction company’s stock valued at $134,994,000 after purchasing an additional 309,675 shares during the period. DF Dent & Co. Inc. grew its holdings in Watsco by 951.0% in the second quarter. DF Dent & Co. Inc. now owns 342,053 shares of the construction company’s stock valued at $52,745,000 after purchasing an additional 309,509 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Watsco by 109.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 409,392 shares of the construction company’s stock valued at $63,128,000 after purchasing an additional 214,274 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Watsco by 306.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 257,243 shares of the construction company’s stock valued at $39,667,000 after purchasing an additional 193,889 shares during the period. Institutional investors own 82.41% of the company’s stock.

Shares of Watsco (NYSE WSO) traded up $1.03 during trading hours on Monday, hitting $169.48. The stock had a trading volume of 172,600 shares, compared to its average volume of 274,965. Watsco has a 1 year low of $134.08 and a 1 year high of $171.15. The stock has a market capitalization of $6,057.38, a PE ratio of 31.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.42 and a current ratio of 3.13.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. research analysts expect that Watsco will post 5.59 EPS for the current fiscal year.

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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.

Analyst Recommendations for Watsco (NYSE:WSO)

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