Prudential Financial Inc. Sells 62,080 Shares of Comfort Systems USA Inc. (FIX)
Prudential Financial Inc. decreased its position in shares of Comfort Systems USA Inc. (NYSE:FIX) by 28.7% during the second quarter, Holdings Channel reports. The fund owned 154,454 shares of the company’s stock after selling 62,080 shares during the period. Prudential Financial Inc. owned 0.41% of Comfort Systems USA worth $5,031,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Teacher Retirement System of Texas boosted its position in shares of Comfort Systems USA by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,233 shares of the company’s stock worth $170,000 after buying an additional 638 shares during the last quarter. Suntrust Banks Inc. bought a new position in shares of Comfort Systems USA during the second quarter worth about $211,000. Miles Capital Inc. bought a new position in shares of Comfort Systems USA during the first quarter worth about $267,000. Invictus RG boosted its position in shares of Comfort Systems USA by 78.6% in the first quarter. Invictus RG now owns 8,922 shares of the company’s stock worth $283,000 after buying an additional 3,927 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its position in shares of Comfort Systems USA by 0.5% in the first quarter. CIBC World Markets Inc. now owns 10,415 shares of the company’s stock worth $331,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.
Comfort Systems USA Inc. (NYSE:FIX) opened at 27.60 on Friday. The stock has a 50 day moving average price of $28.75 and a 200 day moving average price of $30.70. The stock has a market cap of $1.03 billion, a PE ratio of 17.93 and a beta of 1.57. Comfort Systems USA Inc. has a 1-year low of $24.22 and a 1-year high of $35.00.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Comfort Systems USA had a return on equity of 16.53% and a net margin of 3.63%. The company had revenue of $427.50 million for the quarter, compared to analysts’ expectations of $447.05 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Comfort Systems USA’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Comfort Systems USA Inc. will post $1.72 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, August 12th.
In related news, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $27.34, for a total value of $191,380.00. Following the transaction, the director now owns 23,516 shares of the company’s stock, valued at $642,927.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average cost of $29.26 per share, for a total transaction of $87,780.00. Following the purchase, the director now owns 178,000 shares of the company’s stock, valued at $5,208,280. The disclosure for this purchase can be found here. 3.49% of the stock is owned by corporate insiders.
Comfort Systems USA Company 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. 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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