Credit Suisse AG Acquires 16008 Shares of Watsco, Inc. (NYSE:WSO)

Cornelia Mascio
Августа 13, 2017

Shares of Watsco, Inc. BlackRock Inc. now owns 2,656,561 shares of the construction company's stock valued at $380,367,000 after buying an additional 2,610,583 shares during the last quarter. Institutional investors and hedge funds own 81.16% of the company's stock. Flinton Capital Management LLC increased its stake in Watsco by 9.1% in the first quarter. Flinton Capital Management LLC now owns 768 shares of the construction company's stock valued at $110,000 after buying an additional 64 shares during the last quarter. As of the end of the quarter Columbia Wanger Asset Management LLC had bought 56,931 shares growing its holdings by 17.7%. JPMorgan Chase & Co. now owns 835,734 shares of the construction company's stock valued at $119,661,000 after buying an additional 60,535 shares during the last quarter. Finally, Creative Planning boosted its position in Watsco by 1.5% in the first quarter. Creative Planning now owns 979 shares of the construction company's stock valued at $140,000 after buying an additional 14 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Watsco by 10.7% in the second quarter.

The share price of the company (NYSE:GHM) was down -0.20% during the last trading session, with a high of 19.97 and the volume of Graham Corporation shares traded was 49018. The value of the investment in Watsco, Inc. increased from $46,106,000 to $58,433,000 a change of 26.7% quarter over quarter. The institutional investor purchased 1,525 shares of the construction company's stock, valued at approximately $235,000.

Wall Street brokerages expect that Watsco, Inc.

Watsco (NYSE:WSO) traded down 0.26% during midday trading on Tuesday, hitting $147.33. The stock has a market capitalization of $4.92 billion, a P/E ratio of 29.29 and a beta of 0.84.

It is now trading at $147.47 just a bit lower than the 50 day moving average of $151.96 and just above the 200 day moving average of $147.09.

Watsco, Inc. (NYSE:WSO) was downgraded by equities researchers at BidaskClub from a "buy" rating to a "hold" rating in a note issued to investors on Sunday, July 16th. The construction company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.29 billion. Watsco had a net margin of 4.29% and a return on equity of 14.52%. Watsco's revenue for the quarter was up 5.1% on a year-over-year basis. Next quarter's EPS is forecasted to be $1.00 with next year's EPS projected to be $6.43. The company also announced a dividend that was paid on Monday the 31st of July 2017. The ex-dividend date was Thursday the 13th of July 2017. This represents a $5.00 annualized dividend and a dividend yield of 3.39%. Watsco's dividend payout ratio is 93.11%.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Watsco from a "hold" rating to a "buy" rating and set a $169.00 target price on the stock in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Stifel Nicolaus upped their price target on Watsco from $152.00 to $163.00 and gave the company a "buy" rating in a report on Wednesday, April 26th.

Wolfe Research initiated coverage on shares of Watsco, Inc. They set a "market perform" rating for the company.

WSO has been the topic of a number of other research reports. The company now has an average rating of "Hold" and an average target price of $163.20.

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