Watsco Inc (WSO) Holdings Raised by Rhumbline Advisers

Rhumbline Advisers raised its position in Watsco Inc (NYSE:WSO) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,455 shares of the construction company’s stock after acquiring an additional 2,033 shares during the period. Rhumbline Advisers owned approximately 0.27% of Watsco worth $14,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nordea Investment Management AB raised its holdings in Watsco by 79.0% in the 3rd quarter. Nordea Investment Management AB now owns 42,851 shares of the construction company’s stock worth $7,631,000 after acquiring an additional 18,913 shares during the last quarter. Vanguard Group Inc lifted its holdings in Watsco by 1.9% in the third quarter. Vanguard Group Inc now owns 2,867,335 shares of the construction company’s stock worth $510,673,000 after purchasing an additional 54,610 shares during the period. State of Alaska Department of Revenue lifted its holdings in Watsco by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 8,111 shares of the construction company’s stock worth $1,127,000 after purchasing an additional 265 shares during the period. First Hawaiian Bank lifted its holdings in Watsco by 16.8% in the fourth quarter. First Hawaiian Bank now owns 885 shares of the construction company’s stock worth $123,000 after purchasing an additional 127 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in Watsco by 19.0% in the fourth quarter. Sit Investment Associates Inc. now owns 6,570 shares of the construction company’s stock worth $914,000 after purchasing an additional 1,050 shares during the period. Institutional investors own 80.54% of the company’s stock.

Shares of Watsco stock opened at $156.46 on Thursday. The company has a current ratio of 3.17, a quick ratio of 1.27 and a debt-to-equity ratio of 0.09. Watsco Inc has a 52 week low of $131.88 and a 52 week high of $191.86. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.83 and a beta of 0.98.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. Watsco had a net margin of 5.05% and a return on equity of 14.23%. The firm had revenue of $931.30 million for the quarter, compared to analysts’ expectations of $942.05 million. During the same period in the previous year, the business earned $0.89 earnings per share. Watsco’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts predict that Watsco Inc will post 6.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, April 12th. Watsco’s dividend payout ratio (DPR) is presently 98.61%.

Separately, Zacks Investment Research raised shares of Watsco from a “sell” rating to a “hold” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $171.50.

TRADEMARK VIOLATION NOTICE: “Watsco Inc (WSO) Holdings Raised by Rhumbline Advisers” was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2019/05/16/watsco-inc-wso-holdings-raised-by-rhumbline-advisers.html.

About Watsco

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

See Also: Economic Reports

Want to see what other hedge funds are holding WSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watsco Inc (NYSE:WSO).

Institutional Ownership by Quarter for Watsco (NYSE:WSO)

Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply