Aigen Investment Management LP Invests $558,000 in Watsco, Inc. (NYSE:WSO)

Aigen Investment Management LP bought a new position in Watsco, Inc. (NYSE:WSO - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 1,135 shares of the construction company's stock, valued at approximately $558,000.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Watsco by 39.8% during the 1st quarter. SG Americas Securities LLC now owns 2,451 shares of the construction company's stock valued at $1,059,000 after buying an additional 698 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Watsco by 1.9% during the 1st quarter. Russell Investments Group Ltd. now owns 16,773 shares of the construction company's stock valued at $7,246,000 after buying an additional 320 shares in the last quarter. Entropy Technologies LP purchased a new position in Watsco in the first quarter worth about $527,000. Koshinski Asset Management Inc. bought a new position in Watsco during the 1st quarter valued at about $230,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Watsco by 15.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,215 shares of the construction company's stock valued at $7,868,000 after buying an additional 2,373 shares during the period. 89.71% of the stock is owned by institutional investors.

Watsco Stock Performance

Shares of WSO traded down $17.97 during mid-day trading on Thursday, hitting $525.09. 157,990 shares of the company were exchanged, compared to its average volume of 284,098. Watsco, Inc. has a 1-year low of $373.33 and a 1-year high of $545.49. The company has a 50 day moving average of $489.51 and a 200-day moving average of $481.42. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 41.97 and a beta of 0.88.

Watsco (NYSE:WSO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.73 by ($0.51). The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The firm's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.35 EPS. Research analysts anticipate that Watsco, Inc. will post 13.2 earnings per share for the current fiscal year.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.06%. The ex-dividend date was Wednesday, October 16th. Watsco's payout ratio is currently 83.46%.

Analyst Upgrades and Downgrades

WSO has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price objective on Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Watsco from $420.00 to $425.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st.

About Watsco

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.