WSO Watsco
Watsco is the largest distribution network for heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico and Puerto Rico, and on an export basis to Latin America and the Caribbean. Watsco estimates that over 300,000 contractors and technicians visit or call one of its 600 locations each year to get information, obtain technical support and buy products. HVAC/R products provide comfort to homes and businesses regardless of the outdoor climate. Older systems often operate below today's government mandated energy efficiency and environmental standards. Watsco has an opportunity to accelerate the replacement of these systems at a scale greater than its competitors as the movement toward reducing energy consumption and its environmental impact continues. This is especially important since heating and cooling accounts for approximately half of the energy consumed in a typical U.S. home.
Company profile
Ticker
WSO, WSO.B
Exchange
Website
CEO
Albert Nahmad
Employees
Incorporated
Location
Fiscal year end
Sector
Ferguson ...
SEC CIK
Corporate docs
IRS number
590778222
WSO stock data
()
News
Benzinga's Top Ratings Upgrades, Downgrades For May 19, 2021
19 May 21
Wolfe Research Initiates Coverage On Watsco with Peer Perform Rating, Announces Price Target of $309
19 May 21
Stocks That Hit 52-Week Highs On Monday
10 May 21
Morgan Stanley Maintains Equal-Weight on Watsco, Raises Price Target to $266
23 Apr 21
Stocks That Hit 52-Week Highs On Thursday
22 Apr 21
Press releases
Watsco Announces Advisory Board Appointments
8 Jun 21
Watsco to Present at the William Blair 41st Annual Growth Stock Conference on June 2, 2021 at 12:20 p.m. EDT
1 Jun 21
Watsco to Participate at the Wolfe Transport & Industrials Conference on May 27, 2021
26 May 21
Watsco Completes Acquisition of Acme Refrigeration
11 May 21
Watsco EPS Jumps 93% Setting First Quarter Records for Sales, Operating Profit, Operating Margins and Net Income
22 Apr 21
Calendar
6 May 21
17 Jun 21
31 Dec 21
Financial summary
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Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from Watsco earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 93.88M | 93.88M | 93.88M | 93.88M | 93.88M | 93.88M |
| Cash burn (monthly) | 17.4M | (positive/no burn) | (positive/no burn) | (positive/no burn) | 12.58M | (positive/no burn) |
| Cash used (since last report) | 44.51M | n/a | n/a | n/a | 32.19M | n/a |
| Cash remaining | 49.36M | n/a | n/a | n/a | 61.68M | n/a |
| Runway (months of cash) | 2.8 | n/a | n/a | n/a | 4.9 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Jun 21 | Barry S Logan | Class B Common stock Class B Common stock | Grant | Aquire A | No | No | 292.01 | 5,000 | 1.46M | 113,037 |
| 1 Jun 21 | Dickins Denise | Common stock | Payment of exercise | Dispose F | No | No | 291.08 | 2,965 | 863.05K | 3,035 |
| 1 Jun 21 | Dickins Denise | Common stock | Option exercise | Aquire M | No | No | 143.86 | 6,000 | 863.16K | 0 |
| 1 Jun 21 | Dickins Denise | Stock Option Common Stock | Option exercise | Dispose M | No | No | 143.86 | 6,000 | 863.16K | 0 |
| 28 Apr 21 | Barry S Logan | Common stock | Sell | Dispose S | No | No | 292.457 | 383 | 112.01K | 3,500 |
| 28 Apr 21 | Barry S Logan | Common stock | Sell | Dispose S | No | No | 293.4164 | 892 | 261.73K | 0 |
| 28 Apr 21 | Barry S Logan | Common stock | Sell | Dispose S | No | No | 294.4405 | 4,225 | 1.24M | 0 |
| 10 Mar 21 | Barry S Logan | Common stock | Other | Aquire J | Yes | No | 226.55 | 1 | 226.55 | 2,473 |
| 10 Mar 21 | Menendez Ana M | Common stock | Other | Aquire J | Yes | No | 226.55 | 25 | 5.66K | 1,458 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
92.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 454 |
| Opened positions | 62 |
| Closed positions | 49 |
| Increased positions | 177 |
| Reduced positions | 136 |
13F shares |
Current |
|---|---|
| Total value | 7.91B |
| Total shares | 30.35M |
| Total puts | 8.1K |
| Total calls | 34.1K |
| Total put/call ratio | 0.2 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 3.69M | $961.92M |
| Vanguard | 3.35M | $873.55M |
| Baillie Gifford & Co | 1.99M | $520.08M |
| Capital World Investors | 1.03M | $269.77M |
| Charles Schwab Investment Management | 1.03M | $268.39M |
| FMR | 939.36K | $244.94M |
| Wellington Management | 799.86K | $208.56M |
| ATAC Neuberger Berman | 782.49K | $203.27M |
| STT State Street | 782.25K | $203.97M |
| Kayne Anderson Rudnick Investment Management | 773.19K | $201.61M |
Content analysis
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| Legalese | ||
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| Readability |
8th grade Avg
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New words:
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Removed:
acquire, adequately, approach, assessed, CARR, charge, conduct, consequential, DASCO, declined, deliver, disruption, Dunphey, eliminating, expired, expiring, extended, FASB, Fishkill, flat, forecast, government, guidance, impair, impairment, incurred, instituted, January, June, mandatory, manufacture, measurement, measuring, methodology, model, modified, November, NYSE, ongoing, Organization, pay, permitted, PPI, procure, prospectively, publicly, range, recently, recognition, recognize, repair, represented, resulted, retrospective, shift, simplify, SOFR, standard, Step, subsequently, supply, surfaced, sustain, test, trade, traded, transition, unchanged, updated, utilize, varying, world, York
Financial reports
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
26 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
28 Feb 19
Current reports
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 21
8-K
Results of Operations and Financial Condition
22 Apr 21
8-K
Watsco’s Fourth Quarter EPS Jumps 24%, Setting New Records
11 Feb 21
8-K
Net Income and Operating Margins During Third Quarter
22 Oct 20
8-K
Departure of Directors or Certain Officers
29 Jul 20
8-K
Watsco Reports Strong Second Quarter Results and Record Cash Flow
23 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
4 Jun 20
8-K
Watsco Achieved Record Sales, Maintained Solid Balance Sheet and Progressed With its Innovative Technologies
23 Apr 20
8-K
Entry into a Material Definitive Agreement
16 Apr 20
8-K
Watsco Reports Record Annual Results and 11% Dividend Raise to $7.10 Per Share
13 Feb 20
Registration and prospectus
S-8
Registration of securities for employees
7 Jun 21
424B7
Prospectus with selling stockholder info
2 Aug 19
S-3ASR
Automatic shelf registration
8 Nov 18
424B5
Prospectus supplement for primary offering
22 Aug 17
424B7
Prospectus with selling stockholder info
26 Feb 17
424B7
Prospectus with selling stockholder info
22 Feb 17
FWP
Free writing prospectus
22 Feb 17
S-3ASR
Automatic shelf registration
4 Nov 15
S-8
Registration of securities for employees
31 Jul 14
25
Voluntary exchange delisting
7 Feb 13
Proxies
DEF 14A
Definitive proxy
30 Apr 21
DEF 14A
Definitive proxy
24 Apr 20
DEF 14A
Definitive proxy
26 Apr 19
DEF 14A
Definitive proxy
26 Apr 18
DEF 14A
Definitive proxy
27 Apr 17
DEF 14A
Definitive proxy
28 Apr 16
DEF 14A
Definitive proxy
15 Apr 15
DEF 14A
Definitive proxy
16 Apr 14
DEF 14A
Definitive proxy
21 Apr 13
DEF 14A
Definitive proxy
29 Apr 12
Other
UPLOAD
Letter from SEC
30 Apr 19
CORRESP
Correspondence with SEC
28 Apr 19
UPLOAD
Letter from SEC
16 Apr 19
UPLOAD
Letter from SEC
18 Jul 17
CORRESP
Correspondence with SEC
16 Jul 17
UPLOAD
Letter from SEC
6 Jul 17
CT ORDER
Confidential treatment order
19 Aug 13
UPLOAD
Letter from SEC
19 Aug 13
CORRESP
Correspondence with SEC
8 Aug 13
UPLOAD
Letter from SEC
28 Jul 13
Ownership
4
WATSCO / BARRY S LOGAN ownership change
9 Jun 21
4
WATSCO / Denise Dickins ownership change
3 Jun 21
4
WATSCO / BARRY S LOGAN ownership change
30 Apr 21
4
WATSCO / ALBERT H NAHMAD ownership change
12 Mar 21
4
WATSCO / Aaron J Nahmad ownership change
12 Mar 21
4
WATSCO / ANA M MENENDEZ ownership change
12 Mar 21
4
WATSCO / BARRY S LOGAN ownership change
12 Mar 21
4
WATSCO / Aaron J Nahmad ownership change
11 Feb 21
4
WATSCO / ALBERT H NAHMAD ownership change
11 Feb 21
SC 13G/A
WATSCO / BlackRock ownership change
26 Jan 21
Transcripts
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
13 Feb 20
2019 Q3
Earnings call transcript
17 Oct 19
2019 Q2
Earnings call transcript
18 Jul 19
2019 Q1
Earnings call transcript
23 Apr 19
2018 Q4
Earnings call transcript
14 Feb 19
2018 Q3
Earnings call transcript
25 Oct 18
2018 Q2
Earnings call transcript
25 Jul 18
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