Congress Wealth Management LLC DE trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,716 shares of the construction company’s stock after selling 981 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.16% of Comfort Systems USA worth $8,570,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of FIX. Citigroup Inc. increased its holdings in Comfort Systems USA by 3.4% during the first quarter. Citigroup Inc. now owns 37,197 shares of the construction company’s stock valued at $3,311,000 after buying an additional 1,224 shares during the period. Natixis Advisors L.P. boosted its stake in Comfort Systems USA by 8.2% in the first quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock valued at $1,558,000 after acquiring an additional 1,333 shares in the last quarter. Bank of Montreal Can boosted its stake in Comfort Systems USA by 35.3% in the first quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock valued at $2,229,000 after acquiring an additional 6,454 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Comfort Systems USA by 54.7% in the first quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company’s stock valued at $1,721,000 after acquiring an additional 6,837 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Comfort Systems USA by 6.5% in the first quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock valued at $7,867,000 after acquiring an additional 5,394 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on FIX shares. StockNews.com started coverage on shares of Comfort Systems USA in a research note on Thursday, May 18th. They issued a “buy” rating for the company. UBS Group started 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.
Insider Transactions at Comfort Systems USA
In other news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction on Monday, June 12th. The shares were sold at an average price of $159.94, for a total transaction of $479,820.00. Following the completion of the sale, the director now directly owns 22,787 shares in the company, valued at $3,644,552.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.48% of the company’s stock.
Comfort Systems USA Trading Down 0.9 %
NYSE:FIX opened at $160.57 on Friday. Comfort Systems USA, Inc. has a 12 month low of $79.66 and a 12 month high of $165.05. The firm has a fifty day simple moving average of $150.32 and a 200-day simple moving average of $135.55. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $5.74 billion, a P/E ratio of 26.72 and a beta of 1.21.
Comfort Systems USA (NYSE:FIX – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.07 by $0.44. Comfort Systems USA had a net margin of 4.89% and a return on equity of 21.72%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 6.79 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 29th. Stockholders of record on Thursday, May 18th were paid a dividend of $0.20 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, May 17th. Comfort Systems USA’s payout ratio is presently 13.31%.
Comfort Systems USA Company 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.
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