First Trust Advisors LP increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,444 shares of the construction company’s stock after purchasing an additional 15,308 shares during the period. First Trust Advisors LP owned 0.41% of Comfort Systems USA worth $5,442,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in Comfort Systems USA by 6.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock worth $101,000 after purchasing an additional 173 shares during the period. Riverhead Capital Management LLC boosted its position in Comfort Systems USA by 85.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock worth $110,000 after purchasing an additional 1,363 shares during the period. Advisor Group Inc. boosted its position in Comfort Systems USA by 27.2% during the 2nd quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after purchasing an additional 706 shares during the period. Victory Capital Management Inc. boosted its position in Comfort Systems USA by 11.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock worth $195,000 after purchasing an additional 542 shares during the period. Finally, Biltmore Wealth Management LLC purchased a new stake in Comfort Systems USA during the 2nd quarter worth $209,000. 94.16% of the stock is owned by hedge funds and other institutional investors.
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Comfort Systems USA, Inc. (NYSE:FIX) opened at $41.35 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30. The firm has a market cap of $1,511.36, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.28 and a beta of 1.31. Comfort Systems USA, Inc. has a 12-month low of $31.80 and a 12-month high of $44.67.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. equities research analysts predict that Comfort Systems USA, Inc. will post 1.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be given a $0.075 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.30 dividend on an annualized basis and a yield of 0.73%. Comfort Systems USA’s payout ratio is currently 17.44%.
In other news, insider Julie Shaeff sold 15,905 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total value of $678,348.25. Following the sale, the insider now owns 35,472 shares in the company, valued at approximately $1,512,880.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.24, for a total transaction of $86,480.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,905 shares of company stock valued at $1,530,088. 3.48% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on FIX shares. Zacks Investment Research raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Gilford Securities cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Guggenheim cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Finally, DA Davidson upped their price objective on shares of Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Comfort Systems USA presently has an average rating of “Hold” and a consensus target price of $63.00.
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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