Rhumbline Advisers Buys 12,231 Shares of Comfort Systems USA, Inc. (FIX)
Rhumbline Advisers increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 16.8% in the fourth quarter, Holdings Channel reports. The fund owned 85,045 shares of the construction company’s stock after purchasing an additional 12,231 shares during the period. Rhumbline Advisers’ holdings in Comfort Systems USA were worth $3,712,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Comfort Systems USA by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,385,182 shares of the construction company’s stock valued at $49,450,000 after acquiring an additional 127,761 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its stake in shares of Comfort Systems USA by 15.6% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,775 shares of the construction company’s stock valued at $35,870,000 after acquiring an additional 135,950 shares during the last quarter. Copper Rock Capital Partners LLC lifted its stake in shares of Comfort Systems USA by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 587,627 shares of the construction company’s stock valued at $25,767,000 after acquiring an additional 20,365 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Comfort Systems USA by 7.4% in the 3rd quarter. Stifel Financial Corp now owns 448,225 shares of the construction company’s stock valued at $15,988,000 after acquiring an additional 30,971 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Comfort Systems USA by 14.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 442,425 shares of the construction company’s stock valued at $16,281,000 after acquiring an additional 57,366 shares during the last quarter. 95.00% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, December 27th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.00.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The business had revenue of $461.10 million for the quarter, compared to the consensus estimate of $445.85 million. Comfort Systems USA had a net margin of 3.09% and a return on equity of 16.10%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. equities research analysts forecast that Comfort Systems USA, Inc. will post 2.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 12th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, March 9th. Comfort Systems USA’s payout ratio is 20.41%.
In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $42.50, for a total transaction of $85,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Franklin Myers purchased 2,500 shares of the stock in a transaction on Wednesday, March 7th. The shares were acquired at an average cost of $41.85 per share, with a total value of $104,625.00. Following the transaction, the chairman now directly owns 215,000 shares in the company, valued at $8,997,750. The disclosure for this purchase can be found here. Corporate insiders own 3.48% of the company’s stock.
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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