Comfort Systems USA Inc. (FIX) Stock Price Down 1.1%
Comfort Systems USA Inc. (NYSE:FIX) shares fell 1.1% during trading on Wednesday . The company traded as low as $29.73 and last traded at $29.94, with a volume of 437,299 shares. The stock had previously closed at $30.26.
A number of research firms recently commented on FIX. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, August 12th. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, August 2nd.
The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 19.45 and a beta of 1.61. The stock has a 50 day moving average of $28.60 and a 200 day moving average of $30.81.
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Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Comfort Systems USA had a return on equity of 16.53% and a net margin of 3.63%. The firm earned $427.50 million during the quarter, compared to analysts’ expectations of $447.05 million. During the same period last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA Inc. will post $1.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Friday, August 12th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, August 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 18.18%.
In related news, Director Franklin Myers bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of $28.47 per share, with a total value of $71,175.00. Following the completion of the acquisition, the director now directly owns 182,500 shares in the company, valued at $5,195,775. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $27.34, for a total value of $191,380.00. Following the completion of the sale, the director now directly owns 23,516 shares in the company, valued at $642,927.44. The disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.
A number of hedge funds have recently modified their holdings of FIX. Paradigm Asset Management Co. LLC acquired a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $101,000. US Bancorp DE raised its stake in shares of Comfort Systems USA by 649.6% in the second quarter. US Bancorp DE now owns 3,853 shares of the company’s stock valued at $125,000 after buying an additional 3,339 shares during the last quarter. Advisor Group Inc. acquired a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $136,000. PineBridge Investments L.P. raised its stake in shares of Comfort Systems USA by 3.1% in the second quarter. PineBridge Investments L.P. now owns 4,717 shares of the company’s stock valued at $153,000 after buying an additional 144 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Comfort Systems USA by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,233 shares of the company’s stock valued at $170,000 after buying an additional 638 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.
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