Public Employees Retirement Association of Colorado increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 416,771 shares of the construction company’s stock after acquiring an additional 11,089 shares during the period. Public Employees Retirement Association of Colorado owned about 1.13% of Comfort Systems USA worth $21,251,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Huntington National Bank boosted its holdings in Comfort Systems USA by 46.1% in the 2nd quarter. Huntington National Bank now owns 1,062 shares of the construction company’s stock worth $54,000 after buying an additional 335 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Comfort Systems USA by 2,054.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,099 shares of the construction company’s stock valued at $56,000 after purchasing an additional 1,048 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $80,000. Quantamental Technologies LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at about $149,000. Finally, Canandaigua National Bank & Trust Co. bought a new position in shares of Comfort Systems USA during the 1st quarter valued at about $207,000. Institutional investors own 92.36% of the company’s stock.
Shares of FIX traded down $1.53 during midday trading on Wednesday, hitting $37.51. 2,947 shares of the company traded hands, compared to its average volume of 250,300. The firm has a 50 day simple moving average of $47.74. Comfort Systems USA, Inc. has a 52 week low of $38.54 and a 52 week high of $59.83. The stock has a market cap of $1.49 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 1.38.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.21). Comfort Systems USA had a net margin of 4.54% and a return on equity of 21.15%. The company had revenue of $650.30 million for the quarter, compared to the consensus estimate of $676.49 million. During the same period last year, the company earned $0.79 EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 2.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, August 9th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 13.33%.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. ValuEngine downgraded shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Finally, DA Davidson raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $57.00 to $52.00 in a report on Monday, July 29th.
In other Comfort Systems USA news, Chairman Franklin Myers bought 1,738 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average cost of $49.45 per share, for a total transaction of $85,944.10. Following the transaction, the chairman now owns 242,762 shares of the company’s stock, valued at $12,004,580.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average price of $49.38 per share, for a total transaction of $49,380.00. Following the completion of the transaction, the director now directly owns 4,262 shares in the company, valued at approximately $210,457.56. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,238 shares of company stock valued at $490,834 in the last three months. Insiders own 3.23% of the company’s stock.
About Comfort Systems USA
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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