Alliance Wealth Advisors LLC UT Sells 49 Shares of Watsco, Inc. (NYSE:WSO)

Alliance Wealth Advisors LLC UT lessened its position in Watsco, Inc. (NYSE:WSO) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,586 shares of the construction company’s stock after selling 49 shares during the period. Watsco comprises about 1.1% of Alliance Wealth Advisors LLC UT’s portfolio, making the stock its 22nd largest holding. Alliance Wealth Advisors LLC UT’s holdings in Watsco were worth $3,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WSO. International Assets Investment Management LLC grew its position in shares of Watsco by 40,702.6% in the 4th quarter. International Assets Investment Management LLC now owns 205,237 shares of the construction company’s stock valued at $87,938,000 after acquiring an additional 204,734 shares during the period. Invesco Ltd. raised its holdings in Watsco by 120.4% in the 3rd quarter. Invesco Ltd. now owns 300,059 shares of the construction company’s stock valued at $113,338,000 after acquiring an additional 163,915 shares during the period. Envestnet Asset Management Inc. raised its holdings in Watsco by 111.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 292,832 shares of the construction company’s stock valued at $110,608,000 after acquiring an additional 154,105 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in Watsco in the 4th quarter valued at about $64,908,000. Finally, Barclays PLC increased its holdings in shares of Watsco by 37.8% during the third quarter. Barclays PLC now owns 351,188 shares of the construction company’s stock worth $132,649,000 after purchasing an additional 96,383 shares during the period. Institutional investors own 89.71% of the company’s stock.

Analyst Ratings Changes

WSO has been the topic of several recent research reports. Stephens reaffirmed an “overweight” rating and set a $500.00 target price on shares of Watsco in a report on Thursday. Robert W. Baird lifted their price objective on shares of Watsco from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $404.25.

Watsco Price Performance

Watsco stock traded down $0.79 during mid-day trading on Friday, reaching $443.21. The company had a trading volume of 277,114 shares, compared to its average volume of 313,812. Watsco, Inc. has a fifty-two week low of $315.17 and a fifty-two week high of $451.29. The company has a current ratio of 2.92, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The company has a market cap of $17.51 billion, a P/E ratio of 34.09 and a beta of 0.90. The business has a fifty day simple moving average of $412.36 and a 200 day simple moving average of $399.76.

Watsco (NYSE:WSO) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.59 billion. Watsco had a net margin of 7.03% and a return on equity of 19.26%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 EPS. On average, equities research analysts predict that Watsco, Inc. will post 14.19 earnings per share for the current year.

Watsco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, April 12th. This is a positive change from Watsco’s previous quarterly dividend of $2.45. Watsco’s payout ratio is 83.08%.

Watsco Profile

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.