Envestnet Asset Management Inc. Buys 4,283 Shares of Comfort Systems USA, Inc. (NYSE:FIX)
Envestnet Asset Management Inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,577 shares of the construction company’s stock after acquiring an additional 4,283 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.29% of Comfort Systems USA worth $10,178,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds have also recently made changes to their positions in FIX. Credit Suisse AG raised its holdings in Comfort Systems USA by 1.5% in the 3rd quarter. Credit Suisse AG now owns 31,321 shares of the construction company’s stock valued at $3,048,000 after buying an additional 453 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Comfort Systems USA by 190.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock valued at $42,000 after buying an additional 285 shares during the last quarter. Bessemer Group Inc. raised its holdings in Comfort Systems USA by 54.0% in the 3rd quarter. Bessemer Group Inc. now owns 71,375 shares of the construction company’s stock valued at $6,947,000 after buying an additional 25,016 shares during the last quarter. Amalgamated Bank raised its holdings in Comfort Systems USA by 1.7% in the 3rd quarter. Amalgamated Bank now owns 17,510 shares of the construction company’s stock valued at $1,704,000 after buying an additional 287 shares during the last quarter. Finally, Congress Wealth Management LLC DE raised its holdings in Comfort Systems USA by 3.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 61,208 shares of the construction company’s stock valued at $5,956,000 after buying an additional 1,890 shares during the last quarter. Institutional investors own 94.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on FIX shares. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday. DA Davidson raised their price objective on shares of Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a report on Friday.
Insiders Place Their Bets
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $120.27, for a total transaction of $360,810.00. Following the completion of the sale, the director now owns 27,722 shares of the company’s stock, valued at approximately $3,334,124.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.48% of the company’s stock.
Comfort Systems USA Stock Up 7.9 %
Comfort Systems USA stock opened at $146.81 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.26 and a current ratio of 1.12. Comfort Systems USA, Inc. has a 52-week low of $74.14 and a 52-week high of $146.86. The firm has a 50 day moving average price of $120.21 and a two-hundred day moving average price of $113.97. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 21.53 and a beta of 1.26.
Comfort Systems USA (NYSE:FIX – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The construction company reported $1.54 earnings per share (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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.04 EPS. The company’s revenue was up 30.5% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA, Inc. will post 6.02 EPS for the current year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Friday, March 10th will be issued a dividend of $0.175 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $0.70 annualized dividend and a yield of 0.48%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.80%.
Comfort Systems USA Company 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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