Quantinno Capital Management LP trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,227 shares of the construction company’s stock after selling 69 shares during the quarter. Quantinno Capital Management LP’s holdings in Comfort Systems USA were worth $471,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Citigroup Inc. boosted its position in shares of Comfort Systems USA by 3.4% in the first quarter. Citigroup Inc. now owns 37,197 shares of the construction company’s stock worth $3,311,000 after purchasing an additional 1,224 shares during the period. Natixis Advisors L.P. boosted its position in shares of Comfort Systems USA by 8.2% in the first quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock worth $1,558,000 after purchasing an additional 1,333 shares during the period. Bank of Montreal Can boosted its position in shares of Comfort Systems USA by 35.3% in the first quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock worth $2,229,000 after purchasing an additional 6,454 shares during the period. MetLife Investment Management LLC boosted its position in shares of Comfort Systems USA by 54.7% in the first quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company’s stock worth $1,721,000 after purchasing an additional 6,837 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Comfort Systems USA by 6.5% in the first quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock worth $7,867,000 after purchasing an additional 5,394 shares during the period. 94.51% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FIX has been the topic of several research analyst reports. StockNews.com raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Friday. UBS Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, June 1st. They issued a “neutral” rating and a $162.00 target price on the stock. Finally, DA Davidson boosted their target price on shares of Comfort Systems USA from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday.
Insider Activity
Comfort Systems USA Price Performance
Comfort Systems USA stock opened at $173.89 on Tuesday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 25.69 and a beta of 1.21. The firm’s fifty day moving average is $160.76 and its 200 day moving average is $144.44. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.12. Comfort Systems USA, Inc. has a 52-week low of $95.28 and a 52-week high of $176.27.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.29. Comfort Systems USA had a net margin of 5.17% and a return on equity of 23.24%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Comfort Systems USA’s revenue was up 27.4% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 6.79 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Thursday, August 17th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.90 annualized dividend and a dividend yield of 0.52%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.20. Comfort Systems USA’s dividend payout ratio is currently 11.82%.
Comfort Systems USA Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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