Municipal Employees Retirement System of Michigan lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 59.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,980 shares of the construction company’s stock after buying an additional 5,200 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Comfort Systems USA were worth $499,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of FIX. Public Employees Retirement System of Ohio raised its holdings in shares of Comfort Systems USA by 6.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after buying an additional 173 shares during the period. Riverhead Capital Management LLC grew its stake 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 in the last quarter. Advisor Group Inc. grew its stake 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 in the last quarter. Victory Capital Management Inc. grew its stake 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 in the last quarter. Finally, Biltmore Wealth Management LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth $209,000. Hedge funds and other institutional investors own 92.24% of the company’s stock.
FIX has been the subject of several analyst reports. Zacks Investment Research raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Gilford Securities cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Guggenheim cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Finally, DA Davidson boosted their target price on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Comfort Systems USA currently has an average rating of “Hold” and a consensus target price of $63.00.
In other news, VP T Mckenna Trent sold 15,179 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $41.85, for a total transaction of $635,241.15. Following the completion of the transaction, the vice president now directly owns 45,839 shares of the company’s stock, valued at approximately $1,918,362.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total value of $86,480.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,473 shares of company stock valued at $2,986,454. Insiders own 3.48% of the company’s stock.
Comfort Systems USA, Inc. (NYSE FIX) traded down $0.20 on Wednesday, reaching $43.05. The company had a trading volume of 101,300 shares, compared to its average volume of 191,306. Comfort Systems USA, Inc. has a 1 year low of $31.90 and a 1 year high of $44.67. The firm has a market cap of $1,606.06, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30.
Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The firm had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. During the same period in the previous year, the firm posted $0.54 EPS. Comfort Systems USA’s revenue for the quarter was up 12.1% on a year-over-year basis. equities research analysts anticipate that Comfort Systems USA, Inc. will post 1.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.70%. Comfort Systems USA’s dividend payout ratio is currently 17.44%.
Comfort Systems USA Profile
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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