First Trust Advisors LP lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 37.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,136 shares of the construction company’s stock after selling 81,281 shares during the period. First Trust Advisors LP owned 0.37% of Comfort Systems USA worth $5,088,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of FIX. Capstone Asset Management Co. raised its position in Comfort Systems USA by 19.0% in the 1st quarter. Capstone Asset Management Co. now owns 10,472 shares of the construction company’s stock worth $384,000 after purchasing an additional 1,672 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Comfort Systems USA by 2.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the construction company’s stock valued at $557,000 after acquiring an additional 400 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Comfort Systems USA by 2.2% during the 1st quarter. State of Alaska Department of Revenue now owns 4,110 shares of the construction company’s stock valued at $150,000 after acquiring an additional 90 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Comfort Systems USA by 53.8% during the 1st quarter. Fisher Asset Management LLC now owns 67,630 shares of the construction company’s stock valued at $2,479,000 after acquiring an additional 23,666 shares during the last quarter. Finally, First Quadrant L P CA bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at $327,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.
Several brokerages have commented on FIX. Zacks Investment Research cut shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.00.
Shares of Comfort Systems USA, Inc. (NYSE FIX) traded up 1.76% during trading on Friday, hitting $34.60. 291,525 shares of the stock traded hands. The firm has a 50-day moving average of $33.42 and a 200-day moving average of $35.22. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 20.83 and a beta of 1.26. Comfort Systems USA, Inc. has a 1-year low of $26.90 and a 1-year high of $39.67.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, July 28th. The construction company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. The firm had revenue of $465.41 million for the quarter, compared to the consensus estimate of $462.06 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts forecast that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.30 annualized dividend and a yield of 0.87%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.96%.
In related news, Director Alan Krusi sold 2,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total value of $67,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Franklin Myers purchased 5,482 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $33.58 per share, with a total value of $184,085.56. Following the completion of the purchase, the chairman now owns 205,000 shares in the company, valued at $6,883,900. The disclosure for this purchase can be found here. 3.49% of the stock is owned by company insiders.
Comfort Systems USA 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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