Gray Financial Group Ga Adv Adv adds Watsco Inc (WSO) to its portfolio

Watsco Inc (WSO) : Gray Financial Group Ga Adv Adv added new position in Watsco Inc during the most recent quarter end. The investment management firm now holds 1,001 shares of Watsco Inc which is valued at $141,031 , the company said in a statement filed on Jul 19, 2016 with the SEC.Watsco Inc makes up approximately 0.06% of Gray Financial Group Ga Adv Adv’s portfolio.

Other Hedge Funds, Including , First Quadrant L Pca added WSO to its portfolio by purchasing 88,700 company shares during the most recent quarter which is valued at $12,496,943. Watsco Inc makes up approx 0.27% of First Quadrant L Pca’s portfolio.

Watsco Inc opened for trading at $139.97 and hit $141.21 on the upside on Wednesday, eventually ending the session at $140.89, with a gain of 1.14% or 1.59 points. The heightened volatility saw the trading volume jump to 1,37,818 shares. Company has a market cap of $4,997 M.

On the company’s financial health, Watsco Inc reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.73. The company had revenue of $851.40 million for the quarter, compared to analysts expectations of $844.94 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Watsco Inc. Watsco Inc was Initiated by Susquehanna to “Positive” on Jun 1, 2016. Watsco Inc was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Apr 25, 2016.

Watsco Inc. (Watsco) is a distributor of air conditioning heating and refrigeration equipment and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. It has market coverage on an export basis to Latin America and the Caribbean through which it serves more than 50000 contractors and dealers that service the replacement and new construction markets. Watsco sells a line of products: equipment including residential central air conditioners component parts and supplies including thermostats insulation material refrigerants ductwork grills registers sheet metal tools copper tubing concrete pads tape adhesives and other ancillary supplies electric and oil furnaces among others. It also sells products to the refrigeration market which include condensing units compressors evaporators and valves among others.

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