Algert Global LLC Sells 5,007 Shares of Comfort Systems USA, Inc. (FIX)
Algert Global LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,671 shares of the construction company’s stock after selling 5,007 shares during the period. Algert Global LLC owned 0.11% of Comfort Systems USA worth $1,523,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. OxFORD Asset Management LLP bought a new position in Comfort Systems USA during the 2nd quarter worth $256,000. Neumeier Poma Investment Counsel LLC increased its stake in Comfort Systems USA by 34.3% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock worth $32,233,000 after acquiring an additional 221,875 shares during the period. QS Investors LLC increased its stake in Comfort Systems USA by 44.2% during the 2nd quarter. QS Investors LLC now owns 96,797 shares of the construction company’s stock worth $3,591,000 after acquiring an additional 29,658 shares during the period. Bank of New York Mellon Corp increased its stake in Comfort Systems USA by 25.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock worth $46,650,000 after acquiring an additional 253,377 shares during the period. Finally, Texas Permanent School Fund increased its stake in Comfort Systems USA by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock worth $1,009,000 after acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 92.24% of the company’s stock.
Comfort Systems USA, Inc. (FIX) opened at $43.55 on Friday. Comfort Systems USA, Inc. has a 52 week low of $31.90 and a 52 week high of $44.67. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1,617.19, a price-to-earnings ratio of 25.32, a PEG ratio of 2.44 and a beta of 1.27.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The company had revenue of $480.85 million for the quarter, compared to analyst estimates of $469.53 million. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. sell-side analysts expect that Comfort Systems USA, Inc. will post 1.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th were paid a $0.075 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.69%. Comfort Systems USA’s payout ratio is 17.44%.
In related news, Director Darcy Anderson sold 10,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $42.75, for a total transaction of $427,500.00. Following the sale, the director now owns 42,352 shares of the company’s stock, valued at approximately $1,810,548. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.24, for a total value of $86,480.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,473 shares of company stock worth $2,986,454. Corporate insiders own 3.48% of the company’s stock.
FIX has been the topic of several recent analyst reports. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. DA Davidson lifted their price target on Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Guggenheim lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Finally, Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $63.00.
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Comfort Systems USA 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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