Putnam Investments LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 83.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,287 shares of the construction company’s stock after purchasing an additional 48,408 shares during the period. Putnam Investments LLC owned about 0.30% of Comfort Systems USA worth $15,514,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of FIX. Brown Brothers Harriman & Co. increased its holdings in shares of Comfort Systems USA by 2,814.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after purchasing an additional 394 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Comfort Systems USA by 172.9% in the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after purchasing an additional 230 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of Comfort Systems USA by 28.2% in the 1st quarter. Ronald Blue Trust Inc. now owns 496 shares of the construction company’s stock worth $57,000 after purchasing an additional 109 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Comfort Systems USA by 113.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 442 shares of the construction company’s stock worth $65,000 after purchasing an additional 235 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Comfort Systems USA by 36.6% in the 4th quarter. Quadrant Capital Group LLC now owns 594 shares of the construction company’s stock worth $68,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.
Insider Activity at Comfort Systems USA
In related news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction on Monday, September 11th. The stock was sold at an average price of $187.66, for a total transaction of $562,980.00. Following the transaction, the director now directly owns 19,787 shares in the company, valued at $3,713,228.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Franklin Myers sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $184.85, for a total value of $5,545,500.00. Following the transaction, the chairman now directly owns 120,065 shares in the company, valued at $22,194,015.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $187.66, for a total value of $562,980.00. Following the completion of the transaction, the director now owns 19,787 shares in the company, valued at $3,713,228.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,594 shares of company stock worth $7,857,591. Corporate insiders own 2.48% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on FIX
Comfort Systems USA Stock Performance
Shares of FIX opened at $188.65 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.01 and a quick ratio of 0.98. Comfort Systems USA, Inc. has a one year low of $95.28 and a one year high of $192.33. The firm has a market capitalization of $6.75 billion, a P/E ratio of 27.87 and a beta of 1.18. The business has a fifty day moving average of $176.37 and a 200 day moving average of $157.62.
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 for the quarter, beating the consensus estimate of $1.64 by $0.29. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 7.51 EPS for the current year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Thursday, August 17th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a yield of 0.48%. Comfort Systems USA’s payout ratio is 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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