Texas Permanent School Fund Boosts Stake in Comfort Systems USA, Inc. (FIX)
Texas Permanent School Fund raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,208 shares of the construction company’s stock after buying an additional 268 shares during the period. Texas Permanent School Fund owned about 0.07% of Comfort Systems USA worth $1,009,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in FIX. Advisors Preferred LLC acquired a new stake in shares of Comfort Systems USA during the first quarter worth approximately $106,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Comfort Systems USA during the first quarter worth approximately $117,000. RE Advisers Corp acquired a new stake in shares of Comfort Systems USA during the first quarter worth approximately $135,000. State of Alaska Department of Revenue raised 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 acquired a new stake in shares of Comfort Systems USA during the first quarter worth approximately $204,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comfort Systems USA, Inc. (NYSE:FIX) opened at 32.90 on Friday. The firm’s 50-day moving average is $34.92 and its 200 day moving average is $35.30. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 19.81 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.
Comfort Systems USA (NYSE:FIX) last posted its quarterly 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. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. The business had revenue of $465.41 million during the quarter, compared to analyst estimates of $462.06 million. During the same period in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current year.
The business also recently disclosed 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. This represents a $0.30 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.96%.
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A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC boosted their price objective on shares of Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $63.00.
In other Comfort Systems USA news, 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 transaction of $67,700.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Franklin Myers acquired 5,482 shares of the company’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $33.58 per share, for a total transaction of $184,085.56. Following the completion of the purchase, the chairman now owns 205,000 shares in the company, valued at approximately $6,883,900. The disclosure for this purchase can be found here. 3.49% of the stock is currently 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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