Weber Alan W Maintains Position in Comfort Systems USA, Inc. (FIX)
Weber Alan W maintained its stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the construction company’s stock at the end of the second quarter. Weber Alan W’s holdings in Comfort Systems USA were worth $390,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted 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 during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted 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 during the last quarter. Russell Investments Group Ltd. boosted 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 during the last quarter. Sawgrass Asset Management LLC acquired a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $263,000. Finally, First Quadrant L P CA acquired a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $327,000. Institutional investors own 94.13% of the company’s stock.
Shares of Comfort Systems USA, Inc. (NYSE FIX) opened at 32.55 on Friday. Comfort Systems USA, Inc. has a 52 week low of $26.05 and a 52 week high of $39.67. The firm’s 50-day moving average is $35.48 and its 200 day moving average is $35.34. The firm has a market capitalization of $1.21 billion, a PE ratio of 19.60 and a beta of 1.26.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm had revenue of $465.41 million during 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 was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. On average, 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. Stockholders of record on Monday, August 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, August 10th. Comfort Systems USA’s payout ratio is currently 17.96%.
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Several analysts have commented on FIX shares. Jefferies Group LLC lifted their price objective on shares of Comfort Systems USA from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, BidaskClub cut shares of Comfort Systems USA from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. One equities research 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. The stock has a consensus rating of “Hold” and a consensus target price of $54.00.
In other news, Chairman Franklin Myers acquired 5,482 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $33.58 per share, with a total value of $184,085.56. Following the completion of the acquisition, the chairman now owns 205,000 shares of the company’s stock, valued at $6,883,900. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan Krusi sold 2,000 shares of the stock in a transaction that occurred 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 corporate 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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