Penserra Capital Management LLC grew its stake in Watsco Inc (NYSE:WSO) by 54.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480 shares of the construction company’s stock after acquiring an additional 170 shares during the period. Penserra Capital Management LLC’s holdings in Watsco were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WSO. Resources Management Corp CT ADV bought a new stake in shares of Watsco in the third quarter worth $25,000. Squar Milner Financial Services LLC raised its stake in Watsco by 172.4% in the 4th quarter. Squar Milner Financial Services LLC now owns 158 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Citizens Financial Group Inc RI bought a new stake in Watsco in the 4th quarter valued at about $49,000. Heritage Wealth Advisors raised its stake in Watsco by 145.2% in the 4th quarter. Heritage Wealth Advisors now owns 645 shares of the construction company’s stock valued at $116,000 after acquiring an additional 382 shares during the period. Finally, Sowell Financial Services LLC raised its stake in Watsco by 1,445.3% in the 4th quarter. Sowell Financial Services LLC now owns 989 shares of the construction company’s stock valued at $178,000 after acquiring an additional 925 shares during the period. 80.88% of the stock is owned by institutional investors.

In related news, EVP Barry S. Logan sold 3,800 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $167.76, for a total value of $637,488.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.61% of the company’s stock.

WSO has been the subject of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Watsco in a report on Thursday, January 16th. Buckingham Research dropped their price objective on Watsco from $164.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 14th. Zacks Investment Research raised Watsco from a “sell” rating to a “hold” rating and set a $187.00 price objective on the stock in a research report on Saturday, March 7th. Stephens dropped their price objective on Watsco from $192.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Morgan Stanley dropped their price objective on Watsco from $147.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $164.67.

Shares of WSO stock traded up $8.38 on Thursday, reaching $149.87. 301,512 shares of the company’s stock were exchanged, compared to its average volume of 304,192. Watsco Inc has a 52 week low of $132.97 and a 52 week high of $186.87. The company has a current ratio of 3.35, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $5.41 billion, a PE ratio of 23.42 and a beta of 0.87. The company’s fifty day simple moving average is $165.63 and its 200 day simple moving average is $172.48.

Watsco (NYSE:WSO) last announced its earnings results on Thursday, February 13th. The construction company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.08). Watsco had a return on equity of 14.68% and a net margin of 5.16%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts predict that Watsco Inc will post 6.72 earnings per share for the current fiscal year.

About Watsco

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

Featured Article: What is the S&P 500 Index?

Want to see what other hedge funds are holding WSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watsco Inc (NYSE:WSO).

Institutional Ownership by Quarter for Watsco (NYSE:WSO)

Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.