Xponance Inc. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,029 shares of the construction company’s stock, valued at approximately $233,000.
Several other large investors also recently modified their holdings of FIX. Citigroup Inc. boosted its holdings in Comfort Systems USA by 3.4% in the first quarter. Citigroup Inc. now owns 37,197 shares of the construction company’s stock valued at $3,311,000 after acquiring an additional 1,224 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Comfort Systems USA by 8.2% during the 1st quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock valued at $1,558,000 after purchasing an additional 1,333 shares in the last quarter. Bank of Montreal Can increased its position in shares of Comfort Systems USA by 35.3% during the first quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock valued at $2,229,000 after buying an additional 6,454 shares during the period. MetLife Investment Management LLC raised 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 worth $1,721,000 after buying an additional 6,837 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Comfort Systems USA by 6.5% in the first quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock worth $7,867,000 after buying an additional 5,394 shares during the period. 94.26% of the stock is owned by institutional investors.
Comfort Systems USA Stock Performance
Shares of Comfort Systems USA stock opened at $129.67 on Wednesday. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 19.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.12 and a quick ratio of 1.09. Comfort Systems USA, Inc. has a 1 year low of $74.14 and a 1 year high of $152.13. The firm’s 50-day moving average is $135.06 and its 200 day moving average is $122.56.
Comfort Systems USA (NYSE:FIX – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The construction company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.17. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. Comfort Systems USA had a net margin of 5.94% and a return on equity of 20.47%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 6.35 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Friday, March 10th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, March 9th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 0.54%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.26%.
Insiders Place Their Bets
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were 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 $3,535,987.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $143.03, for a total value of $429,090.00. Following the transaction, the director now owns 24,722 shares of the company’s stock, valued at $3,535,987.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 2,500 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $147.00, for a total transaction of $367,500.00. Following the sale, the director now directly owns 26,297 shares of the company’s stock, valued at approximately $3,865,659. The disclosure for this sale can be found here. 2.48% of the stock is owned by insiders.
Wall Street Analyst Weigh In
FIX has been the subject of a number of research analyst reports. StockNews.com started coverage on Comfort Systems USA in a research note on Thursday, March 16th. They issued a “buy” rating for the company. DA Davidson lifted their price target on shares of Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 24th.
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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