Capstone Asset Management Co. Has $360,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)
Capstone Asset Management Co. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.3% during the second quarter, Holdings Channel reports. The fund owned 9,712 shares of the construction company’s stock after selling 760 shares during the period. Capstone Asset Management Co.’s holdings in Comfort Systems USA were worth $360,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its stake in shares of Comfort Systems USA by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 51,723 shares of the construction company’s stock valued at $1,893,000 after buying an additional 4,015 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Comfort Systems USA by 1.8% in the first quarter. Wells Fargo & Company MN now owns 367,611 shares of the construction company’s stock valued at $13,472,000 after buying an additional 6,607 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of Comfort Systems USA by 12.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 62,475 shares of the construction company’s stock valued at $2,290,000 after buying an additional 6,892 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Comfort Systems USA by 6.5% in the first quarter. Russell Investments Group Ltd. now owns 123,350 shares of the construction company’s stock valued at $4,520,000 after buying an additional 7,510 shares in the last quarter. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $263,000. Hedge funds and other institutional investors own 94.13% of the company’s stock.
Shares of Comfort Systems USA, Inc. (FIX) traded down 0.29% during midday trading on Wednesday, reaching $33.85. The company’s stock had a trading volume of 48,766 shares. The stock has a 50-day moving average price of $35.71 and a 200 day moving average price of $35.33. Comfort Systems USA, Inc. has a 52 week low of $26.05 and a 52 week high of $39.67. The stock has a market capitalization of $1.26 billion, a PE ratio of 20.38 and a beta of 1.26.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, July 28th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $465.41 million for the quarter, compared to analyst estimates of $462.06 million. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. Comfort Systems USA’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Equities analysts forecast that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.30 dividend on an annualized basis and a yield of 0.88%. Comfort Systems USA’s payout ratio is 17.96%.
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Several equities research analysts have commented on FIX shares. Guggenheim started coverage on Comfort Systems USA in a research note on Tuesday, April 11th. They set a “buy” rating for the company. Zacks Investment Research lowered Comfort Systems USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC upped their price target on 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, BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.00.
In other news, Chairman Franklin Myers acquired 5,482 shares of Comfort Systems USA stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $33.58 per share, with a total value of $184,085.56. Following the completion of the transaction, the chairman now owns 205,000 shares in the company, valued at $6,883,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total value of $67,700.00. The disclosure for this sale can be found here. 3.49% of the stock is currently 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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