Campbell Capital Management Inc. Sells 300 Shares of Watsco, Inc. (NYSE:WSO)

Campbell Capital Management Inc. trimmed its holdings in shares of Watsco, Inc. (NYSE:WSO) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the construction company’s stock after selling 300 shares during the period. Watsco comprises approximately 0.6% of Campbell Capital Management Inc.’s investment portfolio, making the stock its 27th largest holding. Campbell Capital Management Inc.’s holdings in Watsco were worth $1,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WSO. Rialto Wealth Management LLC bought a new stake in shares of Watsco during the 4th quarter worth $31,000. Wingate Wealth Advisors Inc. purchased a new stake in Watsco in the 4th quarter worth about $36,000. Quarry LP increased its holdings in Watsco by 57.9% in the 3rd quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after acquiring an additional 33 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Watsco in the 3rd quarter worth about $48,000. Finally, Atala Financial Inc purchased a new stake in Watsco in the 4th quarter worth about $49,000. 89.71% of the stock is currently owned by institutional investors.

Insider Transactions at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was 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 owned by insiders.

Watsco Stock Up 3.4 %

WSO stock opened at $508.47 on Friday. The firm has a market capitalization of $20.54 billion, a PE ratio of 38.38 and a beta of 0.92. Watsco, Inc. has a twelve month low of $393.88 and a twelve month high of $571.42. The stock has a 50-day simple moving average of $489.58 and a two-hundred day simple moving average of $494.99.

Watsco (NYSE:WSO) last posted its earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.24. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.67 billion. Watsco had a return on equity of 17.59% and a net margin of 7.04%. On average, equities research analysts anticipate that Watsco, Inc. will post 14.62 EPS for the current fiscal year.

Watsco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, January 17th. Watsco’s payout ratio is 81.51%.

Analyst Upgrades and Downgrades

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

Watsco Company Profile

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.