Watsco Inc (WSO) : Grace White Inc Ny reduced its stake in Watsco Inc by 0.18% during the most recent quarter end. The investment management company now holds a total of 56,550 shares of Watsco Inc which is valued at $8,166,386 after selling 102 shares in Watsco Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Watsco Inc makes up approximately 1.79% of Grace White Inc Ny’s portfolio.
Other Hedge Funds, Including , Advisors Asset Management reduced its stake in WSO by selling 155 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 3,397 shares of WSO which is valued at $486,688. Watsco Inc makes up approx 0.01% of Advisors Asset Management’s portfolio.Rothschild Asset Management Inc boosted its stake in WSO in the latest quarter, The investment management firm added 19,408 additional shares and now holds a total of 116,437 shares of Watsco Inc which is valued at $16,518,917. Watsco Inc makes up approx 0.29% of Rothschild Asset Management Inc’s portfolio.
Watsco Inc closed down -0.79 points or -0.54% at $145.24 with 1,97,234 shares getting traded on Friday. Post opening the session at $145.64, the shares hit an intraday low of $144.77 and an intraday high of $146.325 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Watsco Inc reported $1.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Jul 22, 2016. Analyst had a consensus of $2.04. The company had revenue of $1214.40 million for the quarter, compared to analysts expectations of $1289.82 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.85 EPS.
Many Wall Street Analysts have commented on Watsco Inc. Seaport Global Securities Downgraded Watsco Inc on Jul 25, 2016 to ” Neutral”, Price Target of the shares are set at $150.Watsco Inc was Initiated by Susquehanna to “Positive” on Jun 1, 2016.
Watsco Inc. (Watsco) is a distributor of air conditioning heating and refrigeration equipment and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. It has market coverage on an export basis to Latin America and the Caribbean through which it serves more than 50000 contractors and dealers that service the replacement and new construction markets. Watsco sells a line of products: equipment including residential central air conditioners component parts and supplies including thermostats insulation material refrigerants ductwork grills registers sheet metal tools copper tubing concrete pads tape adhesives and other ancillary supplies electric and oil furnaces among others. It also sells products to the refrigeration market which include condensing units compressors evaporators and valves among others.