BlackRock Inc. grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,285,746 shares of the construction company’s stock after acquiring an additional 213,140 shares during the quarter. BlackRock Inc. owned 14.24% of Comfort Systems USA worth $230,723,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in FIX. Public Employees Retirement System of Ohio increased its stake 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 acquiring an additional 173 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Comfort Systems USA by 11.2% in the 3rd quarter. First Trust Advisors LP now owns 152,444 shares of the construction company’s stock valued at $5,442,000 after acquiring an additional 15,308 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $353,000. Victory Capital Management Inc. increased its stake in shares of Comfort Systems USA by 25.9% in the 3rd quarter. Victory Capital Management Inc. now owns 6,617 shares of the construction company’s stock valued at $236,000 after acquiring an additional 1,360 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Comfort Systems USA by 6.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 40,027 shares of the construction company’s stock valued at $1,429,000 after acquiring an additional 2,466 shares during the last quarter. 94.91% of the stock is owned by institutional investors.
In other news, Chairman Franklin Myers purchased 2,500 shares of Comfort Systems USA stock in a transaction on Wednesday, March 7th. The stock was purchased at an average price of $41.85 per share, with a total value of $104,625.00. Following the transaction, the chairman now directly owns 215,000 shares in the company, valued at approximately $8,997,750. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 19,124 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $40.26, for a total value of $769,932.24. The disclosure for this sale can be found here. Corporate insiders own 3.48% of the company’s stock.
FIX stock opened at $42.10 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.28. Comfort Systems USA, Inc. has a 12-month low of $31.90 and a 12-month high of $44.80. The stock has a market capitalization of $1,566.93, a P/E ratio of 24.51, a P/E/G ratio of 1.77 and a beta of 1.19.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.06). Comfort Systems USA had a net margin of 3.09% and a return on equity of 16.10%. The business had revenue of $461.10 million during the quarter, compared to analyst estimates of $445.85 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Comfort Systems USA’s revenue for the quarter was up 17.6% compared to the same quarter last year. research analysts anticipate that Comfort Systems USA, Inc. will post 2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 12th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, March 9th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 20.41%.
Separately, Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, December 27th. Five 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 has an average rating of “Hold” and an average price target of $58.00.
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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