1,045 Shares in Watsco, Inc. $WSO Acquired by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH acquired 1,045 shares of Watsco, Inc. in the 1st quarter, valued at approximately $531,000, amidst increased activity from various hedge funds.
• Watsco's stock has received mixed ratings from analysts, with a consensus rating of "Hold" and an average target price of $484.17.
• The company reported $4.52 EPS for the recent quarter, missing expectations, and declared a quarterly dividend of $3.00 on its shares.

Alamea Verwaltungs GmbH purchased a new stake in Watsco, Inc. (NYSE:WSO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,045 shares of the construction company's stock, valued at approximately $531,000.

A number of other large investors have also made changes to their positions in the stock. Centennial Wealth Advisory LLC increased its holdings in shares of Watsco by 2.9% in the 1st quarter. Centennial Wealth Advisory LLC now owns 776 shares of the construction company's stock valued at $395,000 after purchasing an additional 22 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Watsco by 2.2% in the 1st quarter. Cary Street Partners Financial LLC now owns 1,073 shares of the construction company's stock valued at $545,000 after purchasing an additional 23 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in shares of Watsco by 4.8% in the 1st quarter. Freedom Investment Management Inc. now owns 504 shares of the construction company's stock valued at $256,000 after purchasing an additional 23 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Watsco by 2.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,056 shares of the construction company's stock valued at $537,000 after purchasing an additional 24 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Watsco by 4.6% in the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the construction company's stock valued at $290,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company's stock.

Watsco Trading Down 0.4%

Shares of Watsco stock traded down $1.66 during mid-day trading on Wednesday, hitting $392.49. 409,542 shares of the stock were exchanged, compared to its average volume of 286,972. Watsco, Inc. has a twelve month low of $390.36 and a twelve month high of $571.41. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 30.10 and a beta of 0.95. The company has a 50-day simple moving average of $441.26 and a 200 day simple moving average of $465.94.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The construction company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.32). Watsco had a return on equity of 16.96% and a net margin of 7.08%.The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business earned $4.49 earnings per share. Watsco's revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were given a $3.00 dividend. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a $12.00 annualized dividend and a dividend yield of 3.1%. Watsco's dividend payout ratio (DPR) is currently 92.02%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WSO shares. JPMorgan Chase & Co. increased their price target on shares of Watsco from $445.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. Morgan Stanley set a $505.00 target price on shares of Watsco in a report on Wednesday, July 2nd. UBS Group dropped their target price on shares of Watsco from $455.00 to $450.00 and set a "neutral" rating for the company in a report on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of Watsco from a "sell" rating to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $484.17.

Watsco Company Profile

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.