Watsco (NYSE:WSO) has been assigned a $195.00 price target by stock analysts at Susquehanna Bancshares in a report issued on Friday. The firm currently has a “buy” rating on the construction company’s stock. Susquehanna Bancshares’ price target suggests a potential upside of 18.20% from the company’s previous close.
Several other equities research analysts also recently weighed in on WSO. Morgan Stanley raised their price target on Watsco from $151.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, October 26th. KeyCorp reissued a “buy” rating on shares of Watsco in a report on Friday, November 17th. Zacks Investment Research raised Watsco from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a report on Monday, January 22nd. Finally, Stephens set a $169.00 price target on Watsco and gave the stock a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $170.71.
Shares of Watsco (NYSE:WSO) traded down $0.28 during midday trading on Friday, reaching $164.98. The company’s stock had a trading volume of 585,500 shares, compared to its average volume of 205,107. 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 capitalization of $6,127.79, a P/E ratio of 30.50 and a beta of 0.87. Watsco has a fifty-two week low of $134.08 and a fifty-two week high of $182.79.
In related news, SVP Barry S. Logan sold 3,246 shares of Watsco stock in a transaction dated 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 sale, the senior vice president now owns 15,800 shares of the company’s stock, valued at $2,595,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.93% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Watsco by 4.1% during the fourth quarter. BlackRock Inc. now owns 2,682,903 shares of the construction company’s stock valued at $456,201,000 after acquiring an additional 105,677 shares in the last quarter. State Street Corp raised its position in Watsco by 6.8% during the second quarter. State Street Corp now owns 799,293 shares of the construction company’s stock valued at $123,247,000 after acquiring an additional 50,751 shares in the last quarter. Wells Fargo & Company MN raised its position in Watsco by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 768,615 shares of the construction company’s stock valued at $130,696,000 after acquiring an additional 3,569 shares in the last quarter. Baillie Gifford & Co. raised its position in Watsco by 0.8% during the third quarter. Baillie Gifford & Co. now owns 701,295 shares of the construction company’s stock valued at $112,958,000 after acquiring an additional 5,761 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Watsco by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 549,423 shares of the construction company’s stock valued at $88,496,000 after acquiring an additional 3,692 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.
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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