Jag Capital Management LLC Has $365,000 Stock Position in Watsco, Inc. (NYSE:WSO)

Jag Capital Management LLC lowered its position in shares of Watsco, Inc. (NYSE:WSO) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 770 shares of the construction company’s stock after selling 61 shares during the quarter. Jag Capital Management LLC’s holdings in Watsco were worth $365,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new stake in shares of Watsco in the 4th quarter valued at approximately $36,000. Ashton Thomas Securities LLC bought a new position in Watsco during the 3rd quarter worth $43,000. Quarry LP increased its position in Watsco by 57.9% during the 3rd quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after buying an additional 33 shares during the period. Brooklyn Investment Group bought a new position in shares of Watsco in the third quarter worth $48,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Watsco in the fourth quarter worth $50,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Down 2.2 %

NYSE WSO opened at $493.08 on Tuesday. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 37.21 and a beta of 0.95. Watsco, Inc. has a 52 week low of $388.47 and a 52 week high of $571.41. The business has a 50 day moving average price of $485.33 and a 200-day moving average price of $493.65.

Watsco (NYSE:WSO) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 EPS for the quarter, beating 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.67 billion. On average, equities research analysts anticipate that Watsco, Inc. will post 14.62 earnings per share for the current year.

Watsco Announces Dividend

The business also recently declared 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 of this dividend was Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.19%. Watsco’s dividend payout ratio (DPR) is currently 81.51%.

Insider Buying and Selling

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total value of $5,589,293.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on WSO. Raymond James began coverage on Watsco in a research report on Friday, January 17th. They issued a “market perform” rating on the stock. Robert W. Baird lifted their price target on Watsco from $540.00 to $560.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Loop Capital lifted their price objective on Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Finally, Northcoast Research began coverage on Watsco in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Watsco currently has an average rating of “Hold” and an average target price of $486.25.

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.