GW&K Investment Management LLC grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 493,979 shares of the construction company’s stock after acquiring an additional 5,416 shares during the period. Comfort Systems USA comprises about 0.7% of GW&K Investment Management LLC’s holdings, making the stock its 29th biggest position. GW&K Investment Management LLC owned about 1.38% of Comfort Systems USA worth $72,101,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Comfort Systems USA by 20.6% in the first quarter. Assenagon Asset Management S.A. now owns 159,437 shares of the construction company’s stock valued at $23,271,000 after buying an additional 27,250 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Comfort Systems USA by 113.5% in the first quarter. Parkside Financial Bank & Trust now owns 442 shares of the construction company’s stock valued at $65,000 after purchasing an additional 235 shares in the last quarter. HRT Financial LP purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $2,134,000. Summit Global Investments lifted its holdings in shares of Comfort Systems USA by 21.8% in the fourth quarter. Summit Global Investments now owns 6,700 shares of the construction company’s stock valued at $771,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Mayflower Financial Advisors LLC purchased a new position in Comfort Systems USA during the first quarter worth $229,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on FIX. StockNews.com downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. DA Davidson boosted their target price on shares of Comfort Systems USA from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, UBS Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, June 1st. They issued a “neutral” rating and a $162.00 target price for the company.
Check Out Our Latest Stock Report on Comfort Systems USA
Insider Buying and Selling
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $159.94, for a total value of $479,820.00. Following the transaction, the director now owns 22,787 shares of the company’s stock, valued at approximately $3,644,552.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $159.94, for a total value of $479,820.00. Following the sale, the director now directly owns 22,787 shares of the company’s stock, valued at $3,644,552.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vance W. Tang sold 1,844 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $182.00, for a total transaction of $335,608.00. Following the completion of the sale, the director now owns 25,058 shares in the company, valued at approximately $4,560,556. The disclosure for this sale can be found here. Corporate insiders own 2.48% of the company’s stock.
Comfort Systems USA Trading Up 0.7 %
Comfort Systems USA stock traded up $1.22 during trading on Friday, hitting $178.02. The company’s stock had a trading volume of 115,786 shares, compared to its average volume of 248,671. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 26.12 and a beta of 1.19. The stock’s fifty day moving average is $165.34 and its 200 day moving average is $147.30. Comfort Systems USA, Inc. has a 1-year low of $95.28 and a 1-year high of $182.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.01.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its earnings results on Wednesday, July 26th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.64 by $0.29. Comfort Systems USA had a return on equity of 23.24% and a net margin of 5.17%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 7.51 EPS for the current year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Thursday, August 17th will be given a $0.225 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 16th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.82%.
Comfort Systems USA 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.
Further Reading
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