Optimum Investment Advisors acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,575 shares of the construction company’s stock, valued at approximately $181,000.
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A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in shares of Comfort Systems USA by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 406,420 shares of the construction company’s stock worth $39,557,000 after buying an additional 7,517 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth about $1,153,000. Wealth Advisory Solutions LLC acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $222,000. Balyasny Asset Management LLC acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $963,000. Finally, Jane Street Group LLC lifted its stake in Comfort Systems USA by 30.4% in the 3rd quarter. Jane Street Group LLC now owns 10,622 shares of the construction company’s stock valued at $1,034,000 after purchasing an additional 2,474 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Comfort Systems USA
In related news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $143.03, for a total value of $429,090.00. Following the transaction, the director now directly owns 24,722 shares of the company’s stock, valued at $3,535,987.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $143.03, for a total value of $429,090.00. Following the sale, the director now owns 24,722 shares in the company, valued at $3,535,987.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vance W. Tang sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $147.00, for a total transaction of $367,500.00. Following the completion of the sale, the director now owns 26,297 shares in the company, valued at approximately $3,865,659. The disclosure for this sale can be found here. 2.48% of the stock is currently owned by insiders.
Comfort Systems USA Stock Up 2.1 %
Comfort Systems USA stock opened at $139.02 on Friday. Comfort Systems USA, Inc. has a twelve month low of $74.14 and a twelve month high of $152.13. The company’s 50-day moving average price is $128.15 and its two-hundred day moving average price is $117.68. The stock has a market cap of $4.97 billion, a P/E ratio of 20.38 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.25.
Comfort Systems USA (NYSE:FIX – Get Rating) last announced its earnings results on Wednesday, February 22nd. The construction company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.37 by $0.17. Comfort Systems USA had a net margin of 5.94% and a return on equity of 20.47%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.04 earnings per share. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. As a group, analysts expect that Comfort Systems USA, Inc. will post 6.35 EPS for the current year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Friday, March 10th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, March 9th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.26%.
Wall Street Analyst Weigh In
Several research firms have weighed in on FIX. StockNews.com began coverage on shares of Comfort Systems USA in a report on Thursday. They issued a “buy” rating on the stock. DA Davidson increased their price target on shares of Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 24th.
Comfort Systems USA Profile
Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates through the following segments: Mechanical Services, and Electrical Services. The Mechanical Services segment includes HVAC, plumbing, piping, and controls, as well as off-site construction, monitoring and fire protection.
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