Bridge City Capital LLC Has $1.33 Million Holdings in Comfort Systems USA, Inc. (FIX)
Bridge City Capital LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 56.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,181 shares of the construction company’s stock after buying an additional 13,383 shares during the period. Bridge City Capital LLC owned 0.10% of Comfort Systems USA worth $1,327,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of FIX. Public Employees Retirement System of Ohio increased its stake in Comfort Systems USA by 6.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after buying an additional 173 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Comfort Systems USA by 85.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock worth $110,000 after buying an additional 1,363 shares during the period. Advisor Group Inc. boosted its holdings in Comfort Systems USA by 27.2% in the 2nd quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after buying an additional 706 shares during the period. Victory Capital Management Inc. boosted its holdings in Comfort Systems USA by 11.5% in the 2nd quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock worth $195,000 after buying an additional 542 shares during the period. Finally, Biltmore Wealth Management LLC bought a new position in Comfort Systems USA in the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.
In related news, insider Julie Shaeff sold 15,905 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total transaction of $678,348.25. Following the completion of the transaction, the insider now owns 35,472 shares in the company, valued at $1,512,880.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total transaction of $86,480.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,905 shares of company stock valued at $1,192,328. Company insiders own 3.48% of the company’s stock.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $480.85 million during the quarter, compared to analyst estimates of $469.53 million. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.72%. Comfort Systems USA’s payout ratio is currently 17.44%.
FIX has been the subject of several analyst reports. Zacks Investment Research raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. DA Davidson raised their price objective on shares of Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a report on Monday. Finally, BidaskClub raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.00.
About Comfort Systems USA
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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