Rhumbline Advisers raised its stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 103,434 shares of the construction company’s stock after buying an additional 4,993 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Comfort Systems USA worth $15,097,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in FIX. Benjamin Edwards Inc. bought a new stake in Comfort Systems USA in the fourth quarter valued at $30,000. Brown Brothers Harriman & Co. lifted its stake in Comfort Systems USA by 2,814.3% in the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after buying an additional 394 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Comfort Systems USA by 172.9% in the fourth quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock valued at $42,000 after buying an additional 230 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in Comfort Systems USA by 28.2% in the first quarter. Ronald Blue Trust Inc. now owns 496 shares of the construction company’s stock valued at $57,000 after buying an additional 109 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Comfort Systems USA by 113.5% in the first quarter. Parkside Financial Bank & Trust now owns 442 shares of the construction company’s stock valued at $65,000 after buying an additional 235 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. DA Davidson raised their price target on Comfort Systems USA from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 28th. StockNews.com assumed coverage on Comfort Systems USA in a report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, UBS Group assumed coverage on Comfort Systems USA in a report on Thursday, June 1st. They set a “neutral” rating and a $162.00 price target on the stock.
Insider Buying and Selling
In related news, 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 transaction of $335,608.00. Following the transaction, the director now directly owns 25,058 shares of the company’s stock, valued at $4,560,556. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Brian E. Lane sold 6,400 shares of Comfort Systems USA stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $181.29, for a total value of $1,160,256.00. Following the transaction, the insider now owns 277,526 shares of the company’s stock, valued at approximately $50,312,688.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 in the company, valued at approximately $4,560,556. The disclosure for this sale can be found here. Insiders have sold a total of 11,244 shares of company stock valued at $1,975,684 over the last three months. Company insiders own 2.20% of the company’s stock.
Comfort Systems USA Price Performance
Shares of FIX opened at $184.57 on Friday. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 27.26 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.01. Comfort Systems USA, Inc. has a one year low of $95.28 and a one year high of $186.71. The stock’s fifty day moving average is $171.43 and its 200-day moving average is $153.51.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its earnings results on Wednesday, July 26th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.29. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.22 billion. Comfort Systems USA had a return on equity of 23.24% and a net margin of 5.17%. Comfort Systems USA’s revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 7.51 EPS for the current year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Thursday, August 17th were issued a dividend of $0.225 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Wednesday, August 16th. Comfort Systems USA’s payout ratio is presently 13.29%.
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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