Sei Investments Co. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 167.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,924 shares of the construction company’s stock after purchasing an additional 29,409 shares during the period. Sei Investments Co. owned 0.13% of Comfort Systems USA worth $5,401,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Comfort Systems USA by 0.6% during the third quarter. BlackRock Inc. now owns 5,542,358 shares of the construction company’s stock worth $539,438,000 after buying an additional 32,236 shares during the period. Vanguard Group Inc. lifted its position in Comfort Systems USA by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company’s stock worth $379,399,000 after acquiring an additional 39,263 shares during the period. Capital World Investors lifted its position in Comfort Systems USA by 32.3% during the 1st quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after acquiring an additional 570,560 shares during the period. Dimensional Fund Advisors LP grew its stake in Comfort Systems USA by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,320,797 shares of the construction company’s stock valued at $152,002,000 after purchasing an additional 31,083 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Comfort Systems USA by 1.5% in the third quarter. State Street Corp now owns 1,201,583 shares of the construction company’s stock valued at $116,950,000 after purchasing an additional 18,126 shares during the period. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Analysts Set New Price Targets
FIX has been the subject of a number of research reports. UBS Group initiated coverage on Comfort Systems USA in a report on Thursday, June 1st. They set 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 set a “buy” rating for the company. Finally, DA Davidson increased their price objective on shares of Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 24th.
Comfort Systems USA Stock Down 1.7 %
Shares of FIX opened at $152.28 on Tuesday. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 25.34 and a beta of 1.21. Comfort Systems USA, Inc. has a 52 week low of $74.14 and a 52 week high of $156.19. The stock’s 50-day moving average price is $143.52 and its 200-day moving average price is $132.16. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.19.
Comfort Systems USA (NYSE:FIX – Get Rating) last released 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. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.10 billion. Comfort Systems USA had a return on equity of 21.72% and a net margin of 4.89%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, sell-side analysts predict 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. Shareholders of record on Thursday, May 18th were issued a $0.20 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. Comfort Systems USA’s payout ratio is presently 13.31%.
Insiders Place Their Bets
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the sale, the director now directly owns 24,722 shares in the company, valued at approximately $3,535,987.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.
Comfort Systems USA 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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