Rhumbline Advisers raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,045 shares of the construction company’s stock after buying an additional 12,231 shares during the quarter. Rhumbline Advisers owned about 0.23% of Comfort Systems USA worth $3,712,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in Comfort Systems USA by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 1,385,182 shares of the construction company’s stock worth $49,450,000 after buying an additional 127,761 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its holdings in shares of Comfort Systems USA by 15.6% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,775 shares of the construction company’s stock worth $35,870,000 after purchasing an additional 135,950 shares in the last quarter. Copper Rock Capital Partners LLC boosted its holdings in shares of Comfort Systems USA by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 587,627 shares of the construction company’s stock worth $25,767,000 after purchasing an additional 20,365 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Comfort Systems USA by 7.4% in the 3rd quarter. Stifel Financial Corp now owns 448,225 shares of the construction company’s stock worth $15,988,000 after purchasing an additional 30,971 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Comfort Systems USA by 14.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 442,425 shares of the construction company’s stock worth $16,281,000 after purchasing an additional 57,366 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.
In related news, Chairman Franklin Myers bought 2,500 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $41.87 per share, with a total value of $104,675.00. Following the purchase, the chairman now owns 212,500 shares in the company, valued at approximately $8,897,375. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 19,124 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $40.26, for a total value of $769,932.24. The disclosure for this sale can be found here. 3.48% of the stock is currently owned by corporate insiders.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). Comfort Systems USA had a return on equity of 16.10% and a net margin of 3.09%. The firm had revenue of $461.10 million during the quarter, compared to analysts’ expectations of $445.85 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. Comfort Systems USA’s revenue for the quarter was up 17.6% compared to the same quarter last year. research analysts anticipate that Comfort Systems USA, Inc. will post 2.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Monday, March 12th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, March 9th. Comfort Systems USA’s payout ratio is currently 20.41%.
Separately, Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, December 27th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Comfort Systems USA currently has a consensus rating of “Hold” and a consensus price target of $58.00.
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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. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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