As Watsco (WSO) Stock Price Rose, Thomaspartners Raised Its Holding by $497,930; Colony Group Holding in Broadridge Financial Solutions (BR) Trimmed by $481,050 as Stock Value Rose

April 20, 2018 - By Louis Casey

Watsco, Inc. (NYSE:WSO) Logo

Colony Group Llc decreased its stake in Broadridge Financial Solutions (BR) by 5.64% based on its latest 2017Q4 regulatory filing with the SEC. Colony Group Llc sold 5,345 shares as the company’s stock rose 18.02% while stock markets declined. The hedge fund held 89,349 shares of the miscellaneous company at the end of 2017Q4, valued at $8.09 million, down from 94,694 at the end of the previous reported quarter. Colony Group Llc who had been investing in Broadridge Financial Solutions for a number of months, seems to be less bullish one the $12.94 billion market cap company. The stock decreased 0.66% or $0.74 during the last trading session, reaching $110.96. About 425,441 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 58.90% since April 20, 2017 and is uptrending. It has outperformed by 47.35% the S&P500.

Thomaspartners Inc increased its stake in Watsco Inc (WSO) by 0.47% based on its latest 2017Q4 regulatory filing with the SEC. Thomaspartners Inc bought 2,929 shares as the company’s stock rose 4.26% while stock markets declined. The institutional investor held 625,174 shares of the consumer durables company at the end of 2017Q4, valued at $106.31 million, up from 622,245 at the end of the previous reported quarter. Thomaspartners Inc who had been investing in Watsco Inc for a number of months, seems to be bullish on the $6.51 billion market cap company. The stock decreased 0.80% or $1.52 during the last trading session, reaching $189.66. About 259,258 shares traded. Watsco, Inc. (NYSE:WSO) has risen 22.42% since April 20, 2017 and is uptrending. It has outperformed by 10.87% the S&P500.

Colony Group Llc, which manages about $3.39 billion and $1.60 billion US Long portfolio, upped its stake in Becton Dickinson (NYSE:BDX) by 2,389 shares to 14,010 shares, valued at $3.00M in 2017Q4, according to the filing. It also increased its holding in Catalent Inc Com (NYSE:CTLT) by 40,795 shares in the quarter, for a total of 104,495 shares, and has risen its stake in At&T Inc (NYSE:T).

Investors sentiment increased to 1.14 in 2017 Q4. Its up 0.13, from 1.01 in 2017Q3. It is positive, as 20 investors sold BR shares while 168 reduced holdings. 73 funds opened positions while 141 raised stakes. 95.28 million shares or 0.24% less from 95.51 million shares in 2017Q3 were reported. Manufacturers Life Insur The has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). Oakbrook Invs Limited Liability holds 0.05% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR) for 8,570 shares. Goldman Sachs Grp has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). Commercial Bank Of New York Mellon Corp reported 1.71 million shares or 0.04% of all its holdings. Aureus Asset Mngmt Llc owns 2,582 shares or 0.04% of their US portfolio. Andra Ap owns 160,500 shares or 0.33% of their US portfolio. Invest Management Of Virginia Ltd Liability Com owns 17,567 shares or 0.38% of their US portfolio. Ls Inv Advisors Limited Liability Company, Michigan-based fund reported 12,271 shares. Moreover, Wetherby Asset Management has 0.03% invested in Broadridge Financial Solutions, Inc. (NYSE:BR). Price T Rowe Assoc Md holds 618,537 shares. 306 are held by Gemmer Asset Mngmt Ltd Liability. Bankshares Of America Corporation De accumulated 861,654 shares. Catalyst Capital Ltd reported 36,548 shares stake. Toth Advisory accumulated 0.02% or 770 shares. Salem Counselors stated it has 0% in Broadridge Financial Solutions, Inc. (NYSE:BR).

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on May, 9. They expect $0.79 earnings per share, up 14.49% or $0.10 from last year’s $0.69 per share. BR’s profit will be $92.16 million for 35.11 P/E if the $0.79 EPS becomes a reality. After $0.79 actual earnings per share reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Broadridge Financial Solutions had 19 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Wednesday, August 10 with “Equal-Weight”. The firm has “Hold” rating given on Thursday, February 15 by Sandler O’Neill. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Overweight” rating by Barclays Capital on Monday, November 2. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) has “Market Outperform” rating given on Friday, January 8 by Avondale. The firm earned “Equal-Weight” rating on Thursday, November 9 by Barclays Capital. Zacks upgraded Broadridge Financial Solutions, Inc. (NYSE:BR) on Friday, August 14 to “Sell” rating. The firm has “Overweight” rating by Atlantic Securities given on Tuesday, September 13. The firm has “Market Perform” rating given on Wednesday, June 15 by Avondale. DA Davidson maintained it with “Neutral” rating and $92 target in Wednesday, March 28 report. The rating was maintained by Barclays Capital on Friday, August 11 with “Equal-Weight”.

Investors sentiment increased to 1.86 in 2017 Q4. Its up 0.28, from 1.58 in 2017Q3. It improved, as 19 investors sold WSO shares while 73 reduced holdings. 62 funds opened positions while 109 raised stakes. 29.17 million shares or 2.20% more from 28.54 million shares in 2017Q3 were reported. Schwab Charles Investment holds 0.03% of its portfolio in Watsco, Inc. (NYSE:WSO) for 210,733 shares. Greenleaf has 0% invested in Watsco, Inc. (NYSE:WSO) for 197 shares. Louisiana State Employees Retirement System holds 0.06% or 7,700 shares in its portfolio. Cibc Asset Mgmt owns 1,277 shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,816 shares. Cadence Ltd Llc holds 0.04% of its portfolio in Watsco, Inc. (NYSE:WSO) for 3,440 shares. Pub Employees Retirement Association Of Colorado reported 2,558 shares stake. 9 are owned by Delta Asset Mngmt Limited Liability Co Tn. Dimensional Fund LP holds 0.02% of its portfolio in Watsco, Inc. (NYSE:WSO) for 251,945 shares. 11,662 are owned by Advsr Asset Mngmt. Thomaspartners Incorporated holds 0.78% in Watsco, Inc. (NYSE:WSO) or 625,174 shares. Moreover, Envestnet Asset Mngmt has 0% invested in Watsco, Inc. (NYSE:WSO) for 5,336 shares. Quantitative Inv Lc reported 23,200 shares stake. Community Bank Na reported 0% in Watsco, Inc. (NYSE:WSO). Commercial Bank Of Montreal Can invested in 6,194 shares.

Among 11 analysts covering Watsco (NYSE:WSO), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Watsco had 37 analyst reports since September 11, 2015 according to SRatingsIntel. The company was maintained on Friday, January 19 by Stifel Nicolaus. On Thursday, April 21 the stock rating was maintained by Robert W. Baird with “Outperform”. Barclays Capital maintained the shares of WSO in report on Monday, April 18 with “Underweight” rating. The stock of Watsco, Inc. (NYSE:WSO) has “Buy” rating given on Thursday, February 8 by Stifel Nicolaus. On Thursday, October 26 the stock rating was maintained by Morgan Stanley with “Underweight”. As per Monday, June 6, the company rating was initiated by SunTrust. The stock of Watsco, Inc. (NYSE:WSO) has “Buy” rating given on Thursday, August 31 by Robert W. Baird. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, December 20. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, December 10. The company was maintained on Wednesday, July 26 by Morgan Stanley.

Thomaspartners Inc, which manages about $4.24 billion and $13.68 billion US Long portfolio, decreased its stake in Abbott Labs (NYSE:ABT) by 11,270 shares to 4.51 million shares, valued at $257.16M in 2017Q4, according to the filing. It also reduced its holding in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 7,462 shares in the quarter, leaving it with 301,352 shares, and cut its stake in British Amern Tob Plc (NYSEMKT:BTI).

Watsco, Inc. (NYSE:WSO) Institutional Positions Chart

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