Bessemer Group Inc. raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 21.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,579 shares of the construction company’s stock after purchasing an additional 15,204 shares during the period. Bessemer Group Inc. owned about 0.24% of Comfort Systems USA worth $9,964,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Maryland State Retirement & Pension System boosted its stake in shares of Comfort Systems USA by 0.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 14,721 shares of the construction company’s stock worth $1,694,000 after acquiring an additional 91 shares during the last quarter. Strs Ohio boosted its stake in shares of Comfort Systems USA by 0.9% in the fourth quarter. Strs Ohio now owns 11,700 shares of the construction company’s stock worth $1,346,000 after acquiring an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Comfort Systems USA by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 24,901 shares of the construction company’s stock worth $2,865,000 after acquiring an additional 119 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Comfort Systems USA by 34.7% in the third quarter. Signaturefd LLC now owns 474 shares of the construction company’s stock worth $46,000 after acquiring an additional 122 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Comfort Systems USA by 1.6% in the third quarter. Lazard Asset Management LLC now owns 8,591 shares of the construction company’s stock worth $835,000 after acquiring an additional 137 shares during the last quarter. 94.26% of the stock is 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 the business’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the completion of the transaction, the director now directly owns 24,722 shares of the company’s stock, valued at approximately $3,535,987.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.48% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. UBS Group assumed coverage on Comfort Systems USA in a research note on Thursday, June 1st. They set a “neutral” rating and a $162.00 price objective on the stock. DA Davidson boosted their price objective on Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. Finally, StockNews.com began coverage on Comfort Systems USA in a research report on Thursday, May 18th. They issued a “buy” rating on the stock.
Comfort Systems USA Price Performance
NYSE:FIX opened at $158.09 on Thursday. Comfort Systems USA, Inc. has a 52 week low of $74.14 and a 52 week high of $161.94. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $5.65 billion, a P/E ratio of 26.30 and a beta of 1.21. The stock’s fifty day moving average is $144.14 and its two-hundred day moving average is $132.58.
Comfort Systems USA (NYSE:FIX – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.44. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.10 billion. Comfort Systems USA had a return on equity of 21.72% and a net margin of 4.89%. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Equities analysts expect that Comfort Systems USA, Inc. will post 6.79 EPS for the current year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 29th. Investors of record on Thursday, May 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, May 17th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.18. Comfort Systems USA’s payout ratio is currently 13.31%.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.
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