Acadian Asset Management LLC Purchases New Stake in Comfort Systems USA, Inc. (FIX)
Acadian Asset Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,977 shares of the construction company’s stock, valued at approximately $136,000.
Other hedge funds also recently bought and sold shares of the company. Guggenheim Capital LLC acquired a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $1,446,000. Hennessy Advisors Inc. acquired a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $1,404,000. Rhumbline Advisers grew its position in shares of Comfort Systems USA by 2.1% during the 1st quarter. Rhumbline Advisers now owns 86,802 shares of the construction company’s stock worth $3,581,000 after purchasing an additional 1,757 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of Comfort Systems USA by 27.3% during the 1st quarter. Dupont Capital Management Corp now owns 53,115 shares of the construction company’s stock worth $2,191,000 after purchasing an additional 11,399 shares in the last quarter. Finally, Algert Global LLC grew its position in shares of Comfort Systems USA by 62.8% during the 1st quarter. Algert Global LLC now owns 99,308 shares of the construction company’s stock worth $4,096,000 after purchasing an additional 38,310 shares in the last quarter. 91.26% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 1st. DA Davidson set a $55.00 price target on shares of Comfort Systems USA and gave the stock a “hold” rating in a research report on Monday, July 30th. Sidoti lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th. Finally, ValuEngine upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $59.00.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, July 27th. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The business had revenue of $535.00 million for the quarter, compared to analyst estimates of $532.25 million. Comfort Systems USA had a net margin of 4.07% and a return on equity of 19.88%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. equities analysts expect that Comfort Systems USA, Inc. will post 2.72 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Monday, August 13th will be given a dividend of $0.085 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, August 10th. This represents a $0.34 annualized dividend and a dividend yield of 0.61%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 19.54%.
In related news, Director William J. Sandbrook acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The stock was acquired at an average price of $46.19 per share, with a total value of $461,900.00. Following the purchase, the director now directly owns 7,719 shares in the company, valued at $356,540.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $55.74, for a total transaction of $111,480.00. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 17,766 shares of company stock worth $819,911 and have sold 86,286 shares worth $4,516,243. Company insiders own 3.45% of the company’s stock.
Comfort Systems USA Profile
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 industrial process piping.
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