Strs Ohio reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 14.3% during the third quarter, HoldingsChannel.com reports. The fund owned 21,000 shares of the construction company’s stock after selling 3,500 shares during the quarter. Strs Ohio’s holdings in Comfort Systems USA were worth $1,184,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in FIX. First Hawaiian Bank acquired a new stake in Comfort Systems USA in the 3rd quarter worth approximately $464,000. Bank of Montreal Can lifted its holdings in Comfort Systems USA by 17.4% in the 3rd quarter. Bank of Montreal Can now owns 56,740 shares of the construction company’s stock worth $3,199,000 after purchasing an additional 8,402 shares during the last quarter. Northern Trust Corp lifted its holdings in Comfort Systems USA by 2.0% in the 2nd quarter. Northern Trust Corp now owns 509,143 shares of the construction company’s stock worth $23,318,000 after purchasing an additional 10,158 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Comfort Systems USA in the 2nd quarter worth approximately $539,000. Finally, California Public Employees Retirement System lifted its holdings in Comfort Systems USA by 37.5% in the 2nd quarter. California Public Employees Retirement System now owns 19,775 shares of the construction company’s stock worth $906,000 after purchasing an additional 5,388 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
FIX opened at $54.30 on Friday. Comfort Systems USA, Inc. has a twelve month low of $39.40 and a twelve month high of $59.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 1.32. The company has a market capitalization of $1.99 billion, a P/E ratio of 31.21, a P/E/G ratio of 1.79 and a beta of 1.23.
Comfort Systems USA (NYSE:FIX) last posted its earnings results on Friday, October 26th. The construction company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.18. Comfort Systems USA had a return on equity of 22.60% and a net margin of 4.64%. The firm had revenue of $594.54 million during the quarter, compared to analyst estimates of $566.75 million. Equities analysts expect that Comfort Systems USA, Inc. will post 2.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be issued a $0.09 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 0.66%. The ex-dividend date is Thursday, November 8th. Comfort Systems USA’s payout ratio is 19.54%.
FIX has been the subject of several analyst reports. Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $63.00 target price for the company in a report on Wednesday. DA Davidson set a $55.00 target price on Comfort Systems USA and gave the stock a “hold” rating in a report on Monday, July 30th. Finally, ValuEngine lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $59.00.
In other Comfort Systems USA news, Chairman Franklin Myers purchased 3,047 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were bought at an average cost of $56.76 per share, with a total value of $172,947.72. Following the transaction, the chairman now directly owns 225,000 shares in the company, valued at approximately $12,771,000. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $53.33, for a total value of $106,660.00. The disclosure for this sale can be found here. 3.48% of the stock is currently owned by insiders.
Comfort Systems USA Company 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.
See Also: Dividend
Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX).
Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.