UMB Bank n.a. cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,066 shares of the construction company’s stock after selling 255 shares during the period. UMB Bank n.a.’s holdings in Comfort Systems USA were worth $425,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in FIX. BlackRock Inc. lifted its holdings in Comfort Systems USA by 2.3% in the 1st quarter. BlackRock Inc. now owns 6,016,801 shares of the construction company’s stock worth $878,212,000 after buying an additional 136,122 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Comfort Systems USA by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company’s stock valued at $379,399,000 after purchasing an additional 39,263 shares in the last quarter. Capital World Investors raised its stake in shares of Comfort Systems USA by 32.3% in the 1st quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock valued at $208,011,000 after purchasing an additional 570,560 shares in the last quarter. Invesco Ltd. raised its stake in shares of Comfort Systems USA by 3.9% in the 3rd quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock valued at $224,455,000 after purchasing an additional 50,001 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Comfort Systems USA by 1.5% in the 2nd quarter. State Street Corp now owns 1,241,335 shares of the construction company’s stock valued at $203,827,000 after purchasing an additional 18,337 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FIX has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson upped their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. UBS Group upped their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday.
View Our Latest Stock Report on FIX
Insiders Place Their Bets
In other Comfort Systems USA news, Director Darcy Anderson sold 3,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total value of $1,203,080.00. Following the completion of the transaction, the director now owns 43,741 shares in the company, valued at approximately $13,848,400.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Comfort Systems USA news, COO T Mckenna Trent sold 14,185 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the transaction, the director now owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,614 shares of company stock worth $13,739,345. Insiders own 2.48% of the company’s stock.
Comfort Systems USA Price Performance
Shares of NYSE:FIX opened at $312.70 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a fifty-two week low of $127.09 and a fifty-two week high of $335.25. The firm has a 50-day simple moving average of $279.59 and a 200 day simple moving average of $219.57. The company has a market cap of $11.16 billion, a PE ratio of 34.74 and a beta of 1.19.
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.
Comfort Systems USA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.
Comfort Systems USA Profile
Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.
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