Comfort Systems USA, Inc. (FIX) Stake Lowered by ETRADE Capital Management LLC
ETRADE Capital Management LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,102 shares of the construction company’s stock after selling 38 shares during the period. ETRADE Capital Management LLC owned about 0.07% of Comfort Systems USA worth $1,006,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in shares of Comfort Systems USA by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 13,375 shares of the construction company’s stock valued at $496,000 after purchasing an additional 34 shares in the last quarter. Texas Permanent School Fund lifted its position in Comfort Systems USA by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock worth $1,009,000 after buying an additional 268 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Comfort Systems USA by 4.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the construction company’s stock worth $326,000 after buying an additional 360 shares in the last quarter. Arizona State Retirement System lifted its position in Comfort Systems USA by 2.1% during the 1st quarter. Arizona State Retirement System now owns 19,402 shares of the construction company’s stock worth $711,000 after buying an additional 400 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Comfort Systems USA by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,587 shares of the construction company’s stock worth $242,000 after buying an additional 404 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.
Comfort Systems USA, Inc. (NYSE:FIX) opened at 34.75 on Friday. The company’s 50-day moving average is $33.48 and its 200 day moving average is $35.12. The firm has a market cap of $1.30 billion, a P/E ratio of 20.92 and a beta of 1.26. Comfort Systems USA, Inc. has a 12 month low of $26.90 and a 12 month high of $39.67.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business 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%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. Equities research analysts expect that Comfort Systems USA, Inc. will post $1.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.96%.
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In related news, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total value of $67,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Franklin Myers acquired 5,482 shares of Comfort Systems USA stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $33.58 per share, for a total transaction of $184,085.56. Following the completion of the purchase, the chairman now directly owns 205,000 shares of the company’s stock, valued at $6,883,900. The disclosure for this purchase can be found here. Company insiders own 3.49% of the company’s stock.
Several brokerages recently issued reports on FIX. Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub downgraded shares of Comfort Systems USA from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Comfort Systems USA has an average rating of “Hold” and an average target price of $63.00.
Comfort Systems USA 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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