Comfort Systems USA, Inc. (NYSE:FIX) was the recipient of a large decline in short interest in September. As of September 28th, there was short interest totalling 565,176 shares, a decline of 35.1% from the September 14th total of 870,815 shares. Based on an average daily trading volume, of 318,872 shares, the short-interest ratio is currently 1.8 days. Approximately 1.6% of the company’s stock are sold short.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, July 24th. ValuEngine lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, DA Davidson set a $55.00 price objective on Comfort Systems USA and gave the stock a “hold” rating in a research note on Monday, July 30th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Comfort Systems USA currently has a consensus rating of “Hold” and an average price target of $59.00.
Shares of Comfort Systems USA stock traded down $1.38 during trading hours on Friday, hitting $57.82. The company’s stock had a trading volume of 348,273 shares, compared to its average volume of 410,510. Comfort Systems USA has a twelve month low of $39.40 and a twelve month high of $59.83. The firm has a market cap of $2.18 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 0.19.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, November 9th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.09. Comfort Systems USA’s dividend payout ratio is 19.54%.
In other news, Chairman Franklin Myers purchased 3,047 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were bought at an average price of $56.76 per share, for a total transaction of $172,947.72. Following the purchase, the chairman now directly owns 225,000 shares in the company, valued at approximately $12,771,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP T Mckenna Trent sold 15,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $54.79, for a total transaction of $821,850.00. Following the completion of the transaction, the vice president now owns 45,341 shares in the company, valued at approximately $2,484,233.39. The disclosure for this sale can be found here. Insiders own 3.48% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Comfort Systems USA during the 2nd quarter worth about $360,000. Rhumbline Advisers lifted its stake in Comfort Systems USA by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 88,368 shares of the construction company’s stock worth $4,047,000 after acquiring an additional 1,566 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Comfort Systems USA during the 2nd quarter worth about $162,000. BlueMountain Capital Management LLC lifted its stake in Comfort Systems USA by 40.9% during the 2nd quarter. BlueMountain Capital Management LLC now owns 22,060 shares of the construction company’s stock worth $1,010,000 after acquiring an additional 6,401 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in Comfort Systems USA during the 2nd quarter worth about $2,814,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.
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About Comfort Systems USA
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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