Should Farsighted Investors Pay Attention to Watsco, Inc. (NYSE:WSO)?

Marco Green
January 14, 2018

Frontier Capital Co Limited Liability Co has invested 0.27% in Watsco, Inc. (NYSE:WSO). Wellington Management Grp Inc Llp owns 0% invested in Watsco, Inc. Over the past five trading sessions it is 1.21%; 5.53% for the month; 10.97% for the last quarter; 30.48% for the past six-months; and 110.31% for the last 12 months. About 102 shares traded. Magellan Health, Inc. (NASDAQ:MGLN) has risen 5.31% since January 11, 2017 and is uptrending. It has underperformed by 7.95% the S&P500.

Jones Collombin Investment Counsel Inc increased Bank N S Halifax (BNS) stake by 501.75% reported in 2017Q3 SEC filing. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.95 by ($0.13). The stock increased 0.43% or $0.75 during the last trading session, reaching $174.2. About 136,795 shares traded. It is down 0.00% since January 11, 2017 and is. It has outperformed by 8.52% the S&P500. Reed Cory J had sold 6,416 shares worth $972,253 on Monday, December 11.

Thomaspartners Inc decreased Leggett & Platt Inc (NYSE:LEG) stake by 430,878 shares to 2.30 million valued at $109.90 million in 2017Q3. 9,096 are owned by Ameritas Invest Prtn. Envestnet Asset reported 155 shares. The Connecticut-based Point72 Asset Management L.P. has invested 0.12% in the stock. Moreover, Citigroup has 0% invested in magicJack VocalTec Ltd. (NASDAQ:CALL). (NYSE:WSO). 3,889 were accumulated by Cadence Cap Ltd Liability Corp. Kentucky Retirement invested in 0.66% or 34,466 shares.

Analysts expect Watsco, Inc. Breton Hill Capital holds 0.06% or 1,950 shares in its portfolio. WSO's profit will be $32.80M for 43.55 P/E if the $1.00 EPS becomes a reality. After $1.82 actual earnings per share reported by Watsco, Inc. for the previous quarter, Wall Street now forecasts -45.05% negative EPS growth. The analyst recommendations from a month ago are 5 Buy, 1 Overweight, 0 Sell, 8 Hold and 0 Underweight. Therefore 11% are positive. KeyCorp reissued a "buy" rating on shares of Watsco in a report on Friday, November 17th. The firm has "Equal-Weight" rating by Morgan Stanley given on Tuesday, October 24. Its down 64.18% from 13,400 shares previously. The rating was maintained by Keefe Bruyette & Woods with "Hold" on Monday, June 5. The stock has "Hold" rating by Canaccord Genuity on Wednesday, October 18. Citigroup has "Buy" rating and $160 target. Morgan Stanley upped their price objective on Watsco from $141.00 to $151.00 and gave the stock an "underweight" rating in a research note on Monday, September 25th. Therefore 70% are positive. The Bank Of Nova Scotia had 17 analyst reports since August 4, 2015 according to SRatingsIntel.

In other Watsco news, SVP Barry S. Logan sold 3,246 shares of Watsco stock in a transaction on Wednesday, November 22nd. The stock of Moelis & Company (NYSE:MC) has "Buy" rating given on Thursday, October 29 by UBS.

Watsco (NYSE:WSO) last issued its earnings results on Wednesday, October 25th. Stifel Nicolaus maintained Watsco, Inc. Stifel Nicolaus has "Buy" rating and $184.0 target. The rating was initiated by Susquehanna on Wednesday, June 1 with "Positive". The stock has "Underperform" rating by Wells Fargo on Monday, January 11. On Thursday, April 21 the stock rating was maintained by Robert W. Baird with "Outperform". As per Thursday, March 24, the company rating was maintained by Stifel Nicolaus. The firm earned "Buy" rating on Tuesday, July 25 by Stifel Nicolaus.

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.08, from 0.44 in 2017Q2. The number of shares now owned by investors are 35.49 mln. 49 funds opened positions while 104 raised stakes.

In terms of performance, we can pore into the stats for Watsco, Inc. (NYSE:WSO) for 841,993 shares. Birmingham Cap Management Al invested 3.83% in Deere & Company (NYSE:DE). Brown Advisory reported 0.01% of its portfolio in Watsco, Inc. (NYSE:WSO). Motley Fool Wealth Management Ltd Co accumulated 56,653 shares. Stifel Financial Corp's holdings in Watsco were worth $2,034,000 at the end of the most recent reporting period. (NYSE:WSO) for 14,007 shares. Bath Savings Company stated it has 25,421 shares.

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