Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,792 shares of the construction company’s stock after purchasing an additional 3,508 shares during the quarter. Systematic Financial Management LP owned approximately 1.01% of Comfort Systems USA worth $13,344,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FIX. California Public Employees Retirement System increased its position in shares of Comfort Systems USA by 4.7% during the 1st quarter. California Public Employees Retirement System now owns 33,400 shares of the construction company’s stock worth $1,224,000 after purchasing an additional 1,500 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Comfort Systems USA by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 282,857 shares of the construction company’s stock worth $10,366,000 after purchasing an additional 8,402 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Comfort Systems USA by 11.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 223,873 shares of the construction company’s stock worth $8,205,000 after purchasing an additional 22,212 shares in the last quarter. State Street Corp increased its position in shares of Comfort Systems USA by 5.3% during the 1st quarter. State Street Corp now owns 891,060 shares of the construction company’s stock worth $32,661,000 after purchasing an additional 45,139 shares in the last quarter. Finally, Credit Suisse AG increased its position in shares of Comfort Systems USA by 52.8% during the 1st quarter. Credit Suisse AG now owns 62,890 shares of the construction company’s stock worth $2,305,000 after purchasing an additional 21,739 shares in the last quarter. Institutional investors and hedge funds own 92.24% of the company’s stock.

In other news, Chairman Franklin Myers acquired 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of $40.23 per share, with a total value of $120,690.00. Following the purchase, the chairman now directly owns 208,000 shares of the company’s stock, valued at $8,367,840. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total transaction of $86,480.00. The disclosure for this sale can be found here. Insiders sold a total of 70,473 shares of company stock worth $2,986,454 in the last ninety days. Insiders own 3.48% of the company’s stock.

A number of brokerages recently issued reports on FIX. Gilford Securities cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Guggenheim cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, DA Davidson increased their price objective on shares of Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Comfort Systems USA presently has an average rating of “Hold” and an average target price of $63.00.

Shares of Comfort Systems USA, Inc. (NYSE:FIX) traded down $0.20 during trading hours on Thursday, reaching $42.85. 300,917 shares of the company’s stock were exchanged, compared to its average volume of 191,389. Comfort Systems USA, Inc. has a 12-month low of $31.90 and a 12-month high of $44.67. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.20. The company has a market cap of $1,598.63, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.41 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $480.85 million for the quarter, compared to analyst estimates of $469.53 million. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. analysts expect that Comfort Systems USA, Inc. will post 1.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, November 9th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.44%.

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About Comfort Systems USA

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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