Comfort Systems USA Inc. (FIX) Shares Up 4.5%
Comfort Systems USA Inc. (NYSE:FIX) shares shot up 4.5% during trading on Friday . The company traded as high as $29.91 and last traded at $29.12, with a volume of 230,816 shares trading hands. The stock had previously closed at $27.87.
A number of research firms have recently commented on FIX. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Friday. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, August 2nd.
The stock has a market cap of $1.09 billion and a P/E ratio of 18.97. The stock has a 50-day moving average of $30.94 and a 200 day moving average of $30.52.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.04. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm earned $427.50 million during the quarter, compared to analyst estimates of $447.05 million. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts expect that Comfort Systems USA Inc. will post $1.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Friday, August 12th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, August 10th.
In other Comfort Systems USA news, Director Franklin Myers bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were acquired at an average cost of $29.95 per share, with a total value of $59,900.00. Following the purchase, the director now directly owns 169,200 shares of the company’s stock, valued at approximately $5,067,540. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Julie Shaeff sold 25,258 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 45,545 shares in the company, valued at $1,387,756.15. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in 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 period. Trexquant Investment LP acquired a new position in Comfort Systems USA during the fourth quarter worth $1,336,000. Dimensional Fund Advisors LP raised its position in 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 period. Finally, Morgan Stanley raised its position in 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 period.
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.
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