Stone Ridge Asset Management LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,014 shares of the construction company’s stock, valued at approximately $699,000.
Several other large investors have also added to or reduced their stakes in FIX. Crossmark Global Holdings Inc. bought a new position in shares of Comfort Systems USA in the third quarter worth $353,000. Victory Capital Management Inc. grew its stake in shares of Comfort Systems USA by 25.9% in the third quarter. Victory Capital Management Inc. now owns 6,617 shares of the construction company’s stock worth $236,000 after purchasing an additional 1,360 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Comfort Systems USA by 51.2% in the third quarter. BNP Paribas Arbitrage SA now owns 19,459 shares of the construction company’s stock worth $695,000 after purchasing an additional 6,586 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Comfort Systems USA by 59.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,980 shares of the construction company’s stock worth $499,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Comfort Systems USA by 175.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,655 shares of the construction company’s stock worth $880,000 after purchasing an additional 15,700 shares in the last quarter. 94.91% of the stock is owned by institutional investors.
In related news, insider Brian E. Lane sold 19,124 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $40.26, for a total transaction of $769,932.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Franklin Myers bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $41.87 per share, with a total value of $104,675.00. Following the purchase, the chairman now directly owns 212,500 shares of the company’s stock, valued at $8,897,375. The disclosure for this purchase can be found here. Company insiders own 3.48% of the company’s stock.
Separately, Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, December 27th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $58.00.
Comfort Systems USA, Inc. (NYSE FIX) opened at $40.80 on Friday. Comfort Systems USA, Inc. has a 52 week low of $31.90 and a 52 week high of $44.80. The firm has a market capitalization of $1,563.21, a PE ratio of 24.45, a P/E/G ratio of 1.76 and a beta of 1.19. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14.
Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.06). Comfort Systems USA had a net margin of 3.09% and a return on equity of 16.10%. The firm had revenue of $461.10 million for the quarter, compared to the consensus estimate of $445.85 million. During the same period in the prior year, the business earned $0.45 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. equities analysts forecast that Comfort Systems USA, Inc. will post 2.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Monday, March 12th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, March 9th. This represents a $0.30 annualized dividend and a yield of 0.74%. Comfort Systems USA’s dividend payout ratio is currently 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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