Americana Partners LLC Has $1.42 Million Stock Holdings in Watsco, Inc. (NYSE:WSO)

by · The Cerbat Gem

Americana Partners LLC decreased its holdings in Watsco, Inc. (NYSE:WSO – Free Report) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,889 shares of the construction company’s stock after selling 166 shares during the quarter. Americana Partners LLC’s holdings in Watsco were worth $1,421,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Watsco in the 2nd quarter valued at $26,000. EntryPoint Capital LLC grew its holdings in shares of Watsco by 100.0% in the 1st quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after purchasing an additional 29 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Watsco in the 1st quarter worth about $31,000. Tortoise Investment Management LLC grew its holdings in shares of Watsco by 76.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the construction company’s stock worth $34,000 after purchasing an additional 32 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Watsco in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Performance

Watsco stock opened at $474.05 on Friday. The company has a current ratio of 3.36, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 1 year low of $359.59 and a 1 year high of $520.41. The company has a market cap of $19.12 billion, a PE ratio of 36.63 and a beta of 0.88. The company’s 50-day moving average is $481.62 and its two-hundred day moving average is $475.41.

Watsco (NYSE:WSO – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.35 earnings per share. Equities analysts anticipate that Watsco, Inc. will post 13.28 earnings per share for the current year.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a $2.70 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.28%. Watsco’s dividend payout ratio is 83.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird cut their target price on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th.

Get Our Latest Analysis on Watsco

Watsco Company Profile

(Free Report)

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.

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