Driehaus Capital Management LLC Has $28.42 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)
Driehaus Capital Management LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,985 shares of the construction company’s stock after purchasing an additional 45,313 shares during the period. Driehaus Capital Management LLC owned approximately 0.69% of Comfort Systems USA worth $28,423,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Townsquare Capital LLC raised its stake in shares of Comfort Systems USA by 33.9% during the fourth quarter. Townsquare Capital LLC now owns 16,147 shares of the construction company’s stock worth $1,858,000 after buying an additional 4,092 shares during the last quarter. Moran Wealth Management LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $5,546,000. Charles Schwab Investment Management Inc. raised its stake in shares of Comfort Systems USA by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 376,828 shares of the construction company’s stock worth $43,365,000 after buying an additional 2,661 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Comfort Systems USA by 24.8% during the fourth quarter. Deutsche Bank AG now owns 20,767 shares of the construction company’s stock worth $2,390,000 after buying an additional 4,123 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Comfort Systems USA by 21.3% during the fourth quarter. Bessemer Group Inc. now owns 86,579 shares of the construction company’s stock worth $9,964,000 after buying an additional 15,204 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors and hedge funds.
Comfort Systems USA Stock Down 0.6 %
Shares of FIX stock traded down $0.90 during trading hours on Friday, hitting $157.33. 83,014 shares of the company were exchanged, compared to its average volume of 260,399. The business has a 50 day moving average of $144.45 and a two-hundred day moving average of $132.75. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. Comfort Systems USA, Inc. has a 52 week low of $74.14 and a 52 week high of $161.94. The company has a market capitalization of $5.63 billion, a PE ratio of 26.33 and a beta of 1.21.
Comfort Systems USA (NYSE:FIX – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.51 earnings per share (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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue was up 32.7% compared to the same quarter last year. Analysts anticipate that Comfort Systems USA, Inc. will post 6.79 earnings per share for the current fiscal 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 given a dividend of $0.20 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Comfort Systems USA’s dividend payout ratio is currently 13.31%.
Analyst Upgrades and Downgrades
Several brokerages have commented on FIX. UBS Group began 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. StockNews.com began coverage on shares of Comfort Systems USA in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, DA Davidson upped their target price on shares of Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 24th.
About Comfort Systems USA
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Comfort Systems USA, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Comfort Systems USA wasn’t on the list.
While Comfort Systems USA currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
