Watsco Inc (WSO) Position Increased by Meadow Creek Investment Management LLC

Remigio Civitarese
Ottobre 13, 2017

The institutional investor owned 1,056 shares of the construction company's stock after buying an additional 88 shares during the period. Teachers Advisors LLC owned approximately 0.09% of Watsco worth $4,774,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Watsco by 41.3% in the first quarter. Baird Financial Group, Inc. controls 255,021 shares with a value of $39,324,000.

ILLEGAL ACTIVITY WARNING: This piece was posted by TrueBlueTribune and is owned by of TrueBlueTribune. Bank of Montreal Can raised its stake in Watsco by 0.8% during the 2nd quarter. Bnp Paribas Arbitrage holds 0.01% in Watsco Inc (NYSE:WSO) or 11,864 shares. Finally, Wolfe Research initiated coverage on Watsco in a report on Tuesday, July 11th. The value of the company's investment in Watsco, Inc. increased from $769,000 to $847,000 a change of 10.1% since the last quarter. About shares traded. Watsco Inc (NYSE:WSO) has risen 8.75% since October 12, 2016 and is uptrending.

Watsco, Inc. shares had a trading volume of 1,781 by the end of trading on Thursday. Watsco, Inc. The stock's 50 day moving average price is $154.24 and its 200 day moving average price is $147.74. The company has market cap of $5.71 billion.

Watsco, Inc., launched on July 14, 1956, 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. The construction company reported $0.67 EPS for the quarter, missing the Zacks' consensus estimate of $0.80 by $0.13. State Board Of Administration Of Florida Retirement Systems reported 0.02% of its portfolio in Watsco Inc (NYSE:WSO). The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter past year, the business posted $1.82 earnings per share. In the last earnings report the EPS was $5.41 and is projected to be $5.74 for the current year with 32,682,000 shares now outstanding. Equities research analysts expect that Watsco, Inc. will post $5.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a dividend of $1.25 per share.

Tracking other technical indicators, the 14-day RSI is presently standing at 61.86, the 7-day sits at 53.56, and the 3-day is resting at 45.21 for Watsco Inc (WSO). The ex-dividend date will be on Thursday July 13th, 2017. Watsco's dividend payout ratio is 93.11%.

Several analysts have weighed in on the company. Morgan Stanley lifted their target price on Watsco from $141.00 to $151.00 and gave the company an "underweight" rating in a research note on Monday, September 25th. Stifel Nicolaus restated a "buy" rating and set a $176.00 target price (up previously from $163.00) on shares of Watsco in a report on Friday, June 23rd. Seaport Global Securities raised Watsco from a "neutral" rating to a "buy" rating and boosted their target price for the company from $145.00 to $160.00 in a report on Wednesday, April 26th. Finally, Zacks Investment Research lowered Watsco from a "buy" rating to a "hold" rating in a report on Saturday, February 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units (SKUs), including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.

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