Comfort Systems USA Inc. (FIX) Trading Up 4.5%
Comfort Systems USA Inc. (NYSE:FIX)’s share price was up 4.5% during trading on Friday . The stock traded as high as $29.91 and last traded at $29.12, with a volume of 230,816 shares changing hands. The stock had previously closed at $27.87.
Several equities analysts have recently commented on FIX shares. Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research note on Tuesday, April 26th. Sidoti cut Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Tuesday, July 12th.
The stock has a market cap of $1.09 billion and a PE ratio of 19.00. The stock has a 50-day moving average of $31.03 and a 200 day moving average of $30.51.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. During the same period last year, the business earned $0.35 earnings per share. The firm had revenue of $427.50 million for the quarter, compared to analysts’ expectations of $447.05 million. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts predict that Comfort Systems USA Inc. will post $1.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Friday, August 12th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 10th.
In other news, CAO Julie Shaeff sold 25,258 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $30.47, for a total transaction of $769,611.26. Following the completion of the sale, the chief accounting officer now directly owns 45,545 shares of the company’s stock, valued at approximately $1,387,756.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 5,584 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $32.27, for a total value of $180,195.68. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Comfort Systems USA by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,959,874 shares of the company’s stock worth $55,700,000 after buying an additional 89,303 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Comfort Systems USA during the fourth quarter worth $1,336,000. Principal Financial Group Inc. increased its position in shares of Comfort Systems USA by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 255,932 shares of the company’s stock worth $7,273,000 after buying an additional 9,073 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Comfort Systems USA by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 588,410 shares of the company’s stock worth $16,723,000 after buying an additional 25,008 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Comfort Systems USA by 55.6% in the fourth quarter. Morgan Stanley now owns 450,622 shares of the company’s stock worth $12,807,000 after buying an additional 161,044 shares during the last quarter.
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. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.