Centiva Capital LP Purchases Shares of 3,445 Watsco, Inc. (NYSE:WSO)

Centiva Capital LP purchased a new position in Watsco, Inc. (NYSE:WSO - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,445 shares of the construction company's stock, valued at approximately $1,695,000.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Watsco in the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC grew its stake in Watsco by 76.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the construction company's stock valued at $34,000 after buying an additional 32 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Watsco in the 3rd quarter valued at approximately $43,000. Massmutual Trust Co. FSB ADV grew its stake in Watsco by 30.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company's stock valued at $46,000 after buying an additional 22 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Watsco in the 3rd quarter valued at approximately $48,000. Institutional investors own 89.71% of the company's stock.

Analyst Ratings Changes

WSO has been the subject of a number of recent research reports. Robert W. Baird reduced their price objective on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Northcoast Research initiated coverage on shares of Watsco in a research note on Friday, November 22nd. They issued a "neutral" rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Watsco presently has an average rating of "Moderate Buy" and an average target price of $491.25.

Watsco Trading Down 1.0 %

Shares of WSO traded down $5.49 during mid-day trading on Wednesday, reaching $537.50. 123,268 shares of the stock traded hands, compared to its average volume of 279,717. The firm has a fifty day moving average price of $508.38 and a 200 day moving average price of $488.93. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 41.98 and a beta of 0.92. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41.

Watsco (NYSE:WSO - Get Free Report) last announced its earnings results 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). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter last year, the firm posted $4.35 earnings per share. The firm's revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Watsco, Inc. will post 13.06 EPS for the current year.

Watsco Dividend Announcement

The business also recently announced 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 was Wednesday, October 16th. This represents a $10.80 annualized dividend and a yield of 2.01%. Watsco's dividend payout ratio (DPR) is presently 83.46%.

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.