Sava Infond d.o.o. Acquires New Position in Watsco, Inc. (NYSE:WSO)

Sava Infond d.o.o. acquired a new stake in shares of Watsco, Inc. (NYSE:WSO) in the 4th quarter, HoldingsChannel reports. The firm acquired 515 shares of the construction company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in shares of Watsco during the 4th quarter worth $31,000. Wingate Wealth Advisors Inc. bought a new position in Watsco in the fourth quarter valued at about $36,000. Quarry LP grew its position in Watsco by 57.9% in the third quarter. Quarry LP now owns 90 shares of the construction company’s stock valued at $44,000 after acquiring an additional 33 shares during the last quarter. Brooklyn Investment Group acquired a new position in Watsco during the third quarter worth about $48,000. Finally, Atala Financial Inc bought a new position in shares of Watsco in the fourth quarter worth about $49,000. 89.71% of the stock is currently owned by institutional investors.

Watsco Stock Performance

WSO stock opened at $515.34 on Friday. The company has a market capitalization of $20.82 billion, a P/E ratio of 38.89 and a beta of 0.92. The company has a fifty day moving average price of $496.05 and a 200-day moving average price of $497.87. Watsco, Inc. has a 52-week low of $396.82 and a 52-week high of $571.42.

Watsco (NYSE:WSO) last announced its earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.24. Watsco had a return on equity of 17.59% and a net margin of 7.04%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.67 billion. As a group, sell-side analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s payout ratio is presently 81.51%.

Analysts Set New Price Targets

WSO has been the subject of a number of research analyst reports. Loop Capital upped their price objective on shares of Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a research report on Thursday, February 27th. Raymond James started coverage on shares of Watsco in a report on Friday, January 17th. They set a “market perform” rating for the company. Finally, Robert W. Baird raised their price objective on Watsco from $540.00 to $560.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $486.25.

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.