Chicago Capital LLC Invests $1.01 Million in Watsco, Inc. (NYSE:WSO)

Chicago Capital LLC acquired a new stake in Watsco, Inc. (NYSE:WSO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,123 shares of the construction company's stock, valued at approximately $1,006,000.

A number of other large investors have also recently added to or reduced their stakes in WSO. Quarry LP purchased a new position in shares of Watsco during the 2nd quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new position in Watsco in the third quarter valued at approximately $43,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Watsco by 30.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company's stock valued at $46,000 after purchasing an additional 22 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Watsco during the third quarter valued at approximately $48,000. Finally, MCF Advisors LLC grew its position in shares of Watsco by 27.8% during the third quarter. MCF Advisors LLC now owns 115 shares of the construction company's stock worth $57,000 after buying an additional 25 shares in the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WSO has been the subject of a number of research reports. Robert W. Baird decreased their price objective on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Raymond James assumed coverage on shares of Watsco in a research note on Friday, January 17th. They set a "market perform" rating on the stock. Finally, Northcoast Research assumed coverage on shares of Watsco in a research note on Friday, November 22nd. They set a "neutral" rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $488.33.

Insiders Place Their Bets

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total value of $5,589,293.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.86% of the company's stock.

Watsco Stock Down 0.0 %

Watsco stock traded down $0.12 during midday trading on Thursday, hitting $473.91. The company's stock had a trading volume of 275,188 shares, compared to its average volume of 214,760. The stock's 50-day moving average price is $494.85 and its 200-day moving average price is $492.17. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $571.41. The company has a market capitalization of $19.14 billion, a PE ratio of 36.62 and a beta of 0.95.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, January 17th. Watsco's dividend payout ratio is 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.