Spark Investment Management LLC Has $630,000 Stake in Comfort Systems USA, Inc. (NYSE:FIX)
Spark Investment Management LLC maintained its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the construction company’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Comfort Systems USA were worth $630,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in shares of Comfort Systems USA during the first quarter worth approximately $106,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Comfort Systems USA during the first quarter worth approximately $117,000. RE Advisers Corp purchased a new stake in shares of Comfort Systems USA during the first quarter worth approximately $135,000. State of Alaska Department of Revenue boosted its stake in shares of Comfort Systems USA by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,110 shares of the construction company’s stock worth $150,000 after buying an additional 90 shares in the last quarter. Finally, Princeton Alpha Management LP purchased a new stake in shares of Comfort Systems USA during the first quarter worth approximately $204,000. Institutional investors and hedge funds own 94.13% of the company’s stock.
Shares of Comfort Systems USA, Inc. (NYSE FIX) opened at 32.55 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of 19.60 and a beta of 1.26. Comfort Systems USA, Inc. has a 52 week low of $26.05 and a 52 week high of $39.67. The firm has a 50-day moving average of $35.41 and a 200-day moving average of $35.34.
Comfort Systems USA (NYSE:FIX) last posted its earnings results on Friday, July 28th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.01. The business had revenue of $465.41 million for the quarter, compared to analyst estimates of $462.06 million. Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. Comfort Systems USA’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. On average, analysts expect that Comfort Systems USA, Inc. will post $1.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.30 annualized dividend and a yield of 0.92%. Comfort Systems USA’s dividend payout ratio (DPR) is 17.96%.
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A number of analysts have commented on FIX shares. Zacks Investment Research cut shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC increased their price target on shares of Comfort Systems USA from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Finally, BidaskClub upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.00.
In other Comfort Systems USA news, Chairman Franklin Myers bought 5,482 shares of the business’s stock in a transaction on Monday, July 31st. The stock was bought at an average price of $33.58 per share, with a total value of $184,085.56. Following the completion of the purchase, the chairman now directly owns 205,000 shares in the company, valued at $6,883,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total value of $67,700.00. The disclosure for this sale can be found here. 3.49% of the stock is owned by company insiders.
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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