Capital Investment Advisory Services LLC bought a new stake in Watsco Inc (NYSE:WSO) in the fourth quarter, HoldingsChannel.com reports. The fund bought 500 shares of the construction company’s stock, valued at approximately $70,000.

Several other hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in Watsco by 61.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 22,084 shares of the construction company’s stock worth $3,937,000 after purchasing an additional 8,398 shares during the last quarter. Bank of New York Mellon Corp raised its position in Watsco by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,393 shares of the construction company’s stock worth $137,702,000 after purchasing an additional 11,869 shares during the last quarter. State of Alaska Department of Revenue raised its position in Watsco by 97.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,846 shares of the construction company’s stock worth $1,396,000 after purchasing an additional 3,876 shares during the last quarter. First Hawaiian Bank bought a new position in Watsco in the 3rd quarter worth approximately $135,000. Finally, Nisa Investment Advisors LLC raised its position in Watsco by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 24,650 shares of the construction company’s stock worth $4,390,000 after purchasing an additional 620 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

WSO opened at $152.99 on Thursday. Watsco Inc has a 52 week low of $131.88 and a 52 week high of $192.94. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Wednesday, January 16th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Tuesday, January 15th. This is a positive change from Watsco’s previous quarterly dividend of $1.45. Watsco’s payout ratio is currently 116.79%.

In other Watsco news, SVP Barry S. Logan sold 2,500 shares of Watsco stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $141.27, for a total transaction of $353,175.00. Following the completion of the sale, the senior vice president now owns 13,300 shares of the company’s stock, valued at approximately $1,878,891. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.45% of the stock is currently owned by insiders.

Several research firms recently weighed in on WSO. Zacks Investment Research cut shares of Watsco from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Morgan Stanley began coverage on shares of Watsco in a research report on Tuesday, December 18th. They issued an “equal weight” rating and a $144.00 price objective for the company. Finally, Buckingham Research dropped their price objective on shares of Watsco from $187.00 to $167.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $176.00.

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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.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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