Westwood Holdings Group Inc. cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,223,935 shares of the construction company’s stock after selling 61,402 shares during the quarter. Westwood Holdings Group Inc. owned about 3.30% of Comfort Systems USA worth $53,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIX. Millennium Management LLC lifted its stake in Comfort Systems USA by 386.8% in the 4th quarter. Millennium Management LLC now owns 341,556 shares of the construction company’s stock worth $14,909,000 after purchasing an additional 271,395 shares in the last quarter. BlackRock Inc. lifted its stake in Comfort Systems USA by 4.2% in the 4th quarter. BlackRock Inc. now owns 5,285,746 shares of the construction company’s stock worth $230,723,000 after purchasing an additional 213,140 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its stake in Comfort Systems USA by 15.6% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,775 shares of the construction company’s stock worth $35,870,000 after purchasing an additional 135,950 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Comfort Systems USA in the 4th quarter worth approximately $5,870,000. Finally, Bank of New York Mellon Corp lifted its stake in Comfort Systems USA by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,385,182 shares of the construction company’s stock worth $49,450,000 after purchasing an additional 127,761 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, December 27th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.00.
In related news, Chairman Franklin Myers purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were purchased at an average price of $41.85 per share, with a total value of $104,625.00. Following the acquisition, the chairman now directly owns 215,000 shares of the company’s stock, valued at $8,997,750. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $42.50, for a total transaction of $85,000.00. The disclosure for this sale can be found here. 3.48% of the stock is owned by corporate insiders.
Shares of Comfort Systems USA, Inc. (NYSE:FIX) opened at $42.85 on Friday. Comfort Systems USA, Inc. has a 52 week low of $31.90 and a 52 week high of $44.80. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1,574.36, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.06). The company had revenue of $461.10 million during the quarter, compared to the consensus estimate of $445.85 million. Comfort Systems USA had a return on equity of 16.10% and a net margin of 3.09%. Comfort Systems USA’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. equities analysts anticipate that Comfort Systems USA, Inc. will post 2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Monday, March 12th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, March 9th. Comfort Systems USA’s payout ratio is 20.41%.
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Comfort Systems USA Company Profile
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.
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