Wells Fargo & Company MN increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 367,611 shares of the construction company’s stock after buying an additional 6,607 shares during the period. Wells Fargo & Company MN owned 0.99% of Comfort Systems USA worth $13,472,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers raised its position in Comfort Systems USA by 4.1% in the third quarter. Rhumbline Advisers now owns 48,489 shares of the construction company’s stock worth $1,421,000 after buying an additional 1,920 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Comfort Systems USA by 9.3% in the third quarter. Two Sigma Advisers LP now owns 185,806 shares of the construction company’s stock worth $5,446,000 after buying an additional 15,800 shares during the period. HBK Investments L P raised its stake in shares of Comfort Systems USA by 166.7% in the third quarter. HBK Investments L P now owns 27,200 shares of the construction company’s stock worth $797,000 after buying an additional 17,000 shares during the period. Highbridge Capital Management LLC raised its stake in Comfort Systems USA by 662.2% in the third quarter. Highbridge Capital Management LLC now owns 53,588 shares of the construction company’s stock valued at $1,570,000 after buying an additional 46,557 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Comfort Systems USA during the third quarter valued at about $152,000. Institutional investors and hedge funds own 94.47% of the company’s stock.
Comfort Systems USA, Inc. (NYSE FIX) traded up 0.14% during trading on Monday, reaching $35.70. 168,095 shares of the company’s stock traded hands. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 21.49 and a beta of 1.32. Comfort Systems USA, Inc. has a 52-week low of $26.05 and a 52-week high of $39.67. The company’s 50 day moving average is $35.28 and its 200-day moving average is $34.83.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by $0.05. The firm had revenue of $380.60 million for the quarter, compared to analysts’ expectations of $405.43 million. Comfort Systems USA had a net margin of 3.84% and a return on equity of 16.94%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. On average, analysts anticipate that Comfort Systems USA, Inc. will post $1.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Friday, May 12th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 0.84%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 18.07%.
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A number of analysts recently weighed in on the stock. Guggenheim started coverage on shares of Comfort Systems USA in a research note on Tuesday, April 11th. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, February 28th. Jefferies Group LLC boosted their price target on shares of Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Comfort Systems USA in a research note on Monday, February 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Comfort Systems USA currently has a consensus rating of “Buy” and an average price target of $54.00.
In other news, Director Alan Krusi sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $36.22, for a total transaction of $108,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Franklin Myers purchased 4,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average price of $35.39 per share, with a total value of $141,560.00. Following the completion of the acquisition, the chairman now directly owns 195,500 shares of the company’s stock, valued at $6,918,745. The disclosure for this purchase can be found here. 3.49% of the stock is owned by company insiders.
About Comfort Systems USA
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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