New York Life Investment Management LLC lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 48.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,282 shares of the construction company’s stock after selling 3,091 shares during the period. New York Life Investment Management LLC’s holdings in Comfort Systems USA were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in FIX. Citigroup Inc. increased its stake in shares of Comfort Systems USA by 3.4% during 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. increased its stake in Comfort Systems USA by 8.2% during the 1st quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock worth $1,558,000 after acquiring an additional 1,333 shares during the period. Bank of Montreal Can increased its stake in Comfort Systems USA by 35.3% during the 1st quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock worth $2,229,000 after acquiring an additional 6,454 shares during the period. MetLife Investment Management LLC increased its stake in Comfort Systems USA by 54.7% during the 1st quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company’s stock worth $1,721,000 after acquiring an additional 6,837 shares during the period. Finally, Rhumbline Advisers increased its stake in Comfort Systems USA by 6.5% during the 1st quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock worth $7,867,000 after acquiring an additional 5,394 shares during the period. Institutional investors own 94.51% of the company’s stock.
Insider Activity at Comfort Systems USA
In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $159.94, for a total transaction of $479,820.00. Following the transaction, the director now directly owns 22,787 shares of the company’s stock, valued at approximately $3,644,552.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $159.94, for a total transaction of $479,820.00. Following the transaction, the director now directly owns 22,787 shares of the company’s stock, valued at approximately $3,644,552.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vance W. Tang sold 1,844 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $182.00, for a total value of $335,608.00. Following the completion of the transaction, the director now directly owns 25,058 shares of the company’s stock, valued at $4,560,556. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Comfort Systems USA Trading Up 0.1 %
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.29. Comfort Systems USA had a return on equity of 23.24% and a net margin of 5.17%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $1.17 EPS. Comfort Systems USA’s revenue for the quarter was up 27.4% on a year-over-year basis. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 7.51 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Thursday, August 17th will be issued a dividend of $0.225 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.90 annualized dividend and a dividend yield of 0.50%. Comfort Systems USA’s dividend payout ratio (DPR) is 11.82%.
Wall Street Analysts Forecast Growth
FIX has been the topic of a number of recent research reports. DA Davidson raised their price objective on Comfort Systems USA from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. UBS Group initiated coverage on 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, StockNews.com initiated coverage on Comfort Systems USA in a report on Thursday. They issued a “buy” rating on the stock.
View Our Latest Stock Analysis on FIX
Comfort Systems USA Company 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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