Algert Global LLC reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 27.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,678 shares of the construction company’s stock after selling 18,191 shares during the period. Algert Global LLC owned approximately 0.13% of Comfort Systems USA worth $1,769,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $106,000. Ameritas Investment Partners Inc. purchased a new position in Comfort Systems USA during the first quarter worth about $117,000. RE Advisers Corp purchased a new position in Comfort Systems USA during the first quarter worth about $135,000. State of Alaska Department of Revenue boosted its position in Comfort Systems USA by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,110 shares of the construction company’s stock worth $150,000 after buying an additional 90 shares during the period. Finally, Princeton Alpha Management LP purchased a new position in Comfort Systems USA during the first quarter worth about $204,000. 92.56% of the stock is currently owned by institutional investors.
Comfort Systems USA, Inc. (NYSE FIX) traded up 0.30% during midday trading on Friday, hitting $32.90. 301,091 shares of the stock were exchanged. The firm has a market capitalization of $1.23 billion, a P/E ratio of 19.81 and a beta of 1.26. Comfort Systems USA, Inc. has a 1-year low of $26.05 and a 1-year high of $39.67. The firm’s 50-day moving average price is $34.92 and its 200 day moving average price is $35.30.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, July 28th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.01. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. The business had revenue of $465.41 million for the quarter, compared to analysts’ expectations of $462.06 million. During the same period in the previous year, the company earned $0.47 EPS. Comfort Systems USA’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts expect that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current fiscal year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 10th. Comfort Systems USA’s payout ratio is presently 17.96%.
A number of research firms have issued reports on FIX. Zacks Investment Research cut Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC raised their price objective on shares of Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.00.
In other news, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total value of $67,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Franklin Myers purchased 5,482 shares of the stock in a transaction dated Monday, July 31st. The stock was purchased at an average price of $33.58 per share, for a total transaction of $184,085.56. Following the completion of the acquisition, the chairman now directly owns 205,000 shares in the company, valued at approximately $6,883,900. The disclosure for this purchase can be found here. Corporate insiders own 3.49% of the company’s stock.
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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