Quantamental Technologies LLC Buys Shares of 208 Watsco Inc (NYSE:WSO)

Quantamental Technologies LLC bought a new stake in shares of Watsco Inc (NYSE:WSO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 208 shares of the construction company’s stock, valued at approximately $34,000.

A number of other institutional investors also recently made changes to their positions in WSO. Geode Capital Management LLC lifted its position in Watsco by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 328,294 shares of the construction company’s stock valued at $45,783,000 after purchasing an additional 22,758 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Watsco by 171.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,723 shares of the construction company’s stock worth $390,000 after acquiring an additional 1,721 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Watsco by 7.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,901 shares of the construction company’s stock worth $272,000 after acquiring an additional 135 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Watsco by 14.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,079 shares of the construction company’s stock worth $441,000 after acquiring an additional 390 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Watsco by 4.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 41,501 shares of the construction company’s stock worth $5,943,000 after acquiring an additional 1,670 shares during the last quarter. Institutional investors and hedge funds own 77.21% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Watsco from a “hold” rating to a “sell” rating and set a $167.00 price objective for the company. in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Watsco has a consensus rating of “Hold” and a consensus price target of $162.80.

Shares of WSO traded up $0.69 during mid-day trading on Friday, reaching $169.88. The company’s stock had a trading volume of 162,354 shares, compared to its average volume of 230,865. The stock has a market cap of $6.44 billion, a PE ratio of 26.40, a P/E/G ratio of 2.06 and a beta of 0.87. The company has a current ratio of 2.92, a quick ratio of 1.25 and a debt-to-equity ratio of 0.14. Watsco Inc has a 52 week low of $131.88 and a 52 week high of $184.90. The company’s fifty day moving average price is $160.88 and its two-hundred day moving average price is $155.83.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $2.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.54 by ($0.14). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. Watsco had a return on equity of 14.63% and a net margin of 5.17%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Research analysts anticipate that Watsco Inc will post 6.59 EPS for the current year.

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.

Featured Story: Cost of Equity For A Business, Investors

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.