Systematic Financial Management LP boosted its holdings in shares of Comfort Systems USA (NYSE:FIX) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,465 shares of the construction company’s stock after buying an additional 6,806 shares during the period. Systematic Financial Management LP owned approximately 0.96% of Comfort Systems USA worth $14,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Swiss National Bank increased its position in Comfort Systems USA by 1.9% during the 1st quarter. Swiss National Bank now owns 64,800 shares of the construction company’s stock valued at $2,673,000 after buying an additional 1,200 shares in the last quarter. Prudential Financial Inc. increased its position in Comfort Systems USA by 2.0% during the 1st quarter. Prudential Financial Inc. now owns 65,421 shares of the construction company’s stock valued at $2,699,000 after buying an additional 1,300 shares in the last quarter. HBK Investments L P increased its position in Comfort Systems USA by 15.5% during the 4th quarter. HBK Investments L P now owns 11,092 shares of the construction company’s stock valued at $484,000 after buying an additional 1,492 shares in the last quarter. Victory Capital Management Inc. increased its position in Comfort Systems USA by 22.4% during the 1st quarter. Victory Capital Management Inc. now owns 8,757 shares of the construction company’s stock valued at $361,000 after buying an additional 1,600 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Comfort Systems USA by 119.1% during the 4th quarter. LS Investment Advisors LLC now owns 3,026 shares of the construction company’s stock valued at $132,000 after buying an additional 1,645 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.
In other news, insider Julie Shaeff sold 9,719 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $42.64, for a total value of $414,418.16. Following the sale, the insider now owns 34,019 shares in the company, valued at $1,450,570.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Franklin Myers bought 2,500 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $41.87 per share, for a total transaction 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. Insiders sold 85,494 shares of company stock worth $3,569,783 in the last 90 days. Company insiders own 3.45% of the company’s stock.
Shares of Comfort Systems USA opened at $46.75 on Tuesday, Marketbeat.com reports. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.71 billion, a PE ratio of 26.87, a PEG ratio of 1.84 and a beta of 1.15. Comfort Systems USA has a fifty-two week low of $31.90 and a fifty-two week high of $48.95.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, April 27th. The construction company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Comfort Systems USA had a return on equity of 17.86% and a net margin of 3.44%. The business had revenue of $464.94 million for the quarter, compared to analyst estimates of $441.98 million. During the same period in the prior year, the company earned $0.20 earnings per share. The company’s revenue was up 22.2% on a year-over-year basis. research analysts anticipate that Comfort Systems USA will post 2.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Monday, May 14th will be paid a $0.08 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, May 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. Comfort Systems USA’s dividend payout ratio is presently 18.39%.
FIX has been the topic of a number of research reports. ValuEngine raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Wednesday, May 2nd. Finally, DA Davidson increased their price objective on Comfort Systems USA from $46.00 to $48.00 and gave the company a “hold” rating in a report on Monday, April 30th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.50.
Comfort Systems USA Profile
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.
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