Stephens Inc. AR Sells 92 Shares of Watsco, Inc. (NYSE:WSO)

Stephens Inc. AR reduced its stake in Watsco, Inc. (NYSE:WSO) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 810 shares of the construction company’s stock after selling 92 shares during the period. Stephens Inc. AR’s holdings in Watsco were worth $384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Watsco in the 3rd quarter worth $43,000. Quarry LP grew its stake in shares of Watsco by 57.9% in the 3rd quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after buying an additional 33 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Watsco in the 3rd quarter worth $48,000. Golden State Wealth Management LLC purchased a new position in shares of Watsco in the 4th quarter worth $50,000. Finally, MCF Advisors LLC grew its stake in shares of Watsco by 27.8% in the 3rd 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 currently owned by institutional investors.

Insider Activity at Watsco

In related news, EVP Barry S. Logan sold 10,998 shares of Watsco stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.86% of the stock is currently owned by company insiders.

Watsco Price Performance

Shares of WSO opened at $485.21 on Friday. Watsco, Inc. has a 1-year low of $373.33 and a 1-year high of $571.41. The company has a 50-day moving average of $485.44 and a 200 day moving average of $491.05. The firm has a market capitalization of $19.59 billion, a price-to-earnings ratio of 37.50 and a beta of 0.95.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $2.70 per share. The ex-dividend date was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.23%. Watsco’s payout ratio is 83.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WSO shares. Raymond James started coverage on shares of Watsco in a research note on Friday, January 17th. They set a “market perform” rating for the company. Northcoast Research started coverage on shares of Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Robert W. Baird dropped their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Watsco has an average rating of “Hold” and an average price target of $488.33.

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.