Victory Capital Management Inc. Boosts Holdings in Comfort Systems USA, Inc. (FIX)
Victory Capital Management Inc. grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 11.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,257 shares of the construction company’s stock after buying an additional 542 shares during the quarter. Victory Capital Management Inc.’s holdings in Comfort Systems USA were worth $195,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Comfort Systems USA during the first quarter worth $117,000. RE Advisers Corp bought a new stake in shares of Comfort Systems USA during the first quarter worth $135,000. Biltmore Wealth Management LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth $209,000. SG Americas Securities LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth $221,000. Finally, Invictus RG bought a new stake in shares of Comfort Systems USA during the first quarter worth $226,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total transaction of $67,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Franklin Myers acquired 5,482 shares of the stock in a transaction dated Monday, July 31st. The shares were bought at an average price of $33.58 per share, for a total transaction of $184,085.56. Following the transaction, the chairman now owns 205,000 shares in the company, valued at approximately $6,883,900. The disclosure for this purchase can be found here. Company insiders own 3.49% of the company’s stock.
A number of analysts have weighed in on FIX shares. BidaskClub raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Comfort Systems USA presently has an average rating of “Hold” and a consensus price target of $63.00.
Shares of Comfort Systems USA, Inc. (FIX) opened at 34.75 on Friday. The firm’s 50 day moving average is $33.48 and its 200-day moving average is $35.12. The company has a market cap of $1.30 billion, a PE ratio of 20.92 and a beta of 1.26. Comfort Systems USA, Inc. has a 1-year low of $26.90 and a 1-year high of $39.67.
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 company had revenue of $465.41 million for the quarter, compared to analysts’ expectations of $462.06 million. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. Equities analysts expect that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 17.96%.
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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. 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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