Texas Permanent School Fund grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,034 shares of the construction company’s stock after buying an additional 723 shares during the quarter. Texas Permanent School Fund’s holdings in Comfort Systems USA were worth $1,312,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FIX. Teachers Advisors LLC grew its stake in shares of Comfort Systems USA by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 601,469 shares of the construction company’s stock worth $33,923,000 after acquiring an additional 2,292 shares in the last quarter. Morgan Stanley grew its stake in shares of Comfort Systems USA by 21.8% during the 3rd quarter. Morgan Stanley now owns 320,464 shares of the construction company’s stock worth $18,075,000 after acquiring an additional 57,462 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Comfort Systems USA by 32.4% during the 3rd quarter. Federated Investors Inc. PA now owns 82,608 shares of the construction company’s stock worth $4,659,000 after acquiring an additional 20,237 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Comfort Systems USA by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 12,442 shares of the construction company’s stock worth $543,000 after acquiring an additional 220 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Comfort Systems USA by 5.4% during the 4th quarter. Fisher Asset Management LLC now owns 62,489 shares of the construction company’s stock worth $2,730,000 after acquiring an additional 3,187 shares in the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on FIX. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, April 30th. Sidoti cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research note on Tuesday, March 12th. Finally, DA Davidson raised their price target on shares of Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th.
Shares of FIX opened at $49.27 on Friday. The company has a market cap of $1.82 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. Comfort Systems USA, Inc. has a twelve month low of $41.14 and a twelve month high of $59.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.36 and a quick ratio of 1.33.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $538.47 million during the quarter, compared to analyst estimates of $538.80 million. Comfort Systems USA had a net margin of 5.15% and a return on equity of 23.00%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 3.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.10. Comfort Systems USA’s dividend payout ratio is presently 13.33%.
In related news, Chairman Franklin Myers acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was bought at an average price of $52.84 per share, with a total value of $211,360.00. Following the acquisition, the chairman now owns 235,000 shares in the company, valued at approximately $12,417,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 21,122 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $53.30, for a total value of $1,125,802.60. Following the completion of the sale, the insider now directly owns 219,968 shares of the company’s stock, valued at approximately $11,724,294.40. The disclosure for this sale can be found here. In the last three months, insiders bought 11,238 shares of company stock valued at $587,929 and sold 35,131 shares valued at $1,870,220. Corporate insiders own 3.23% of the company’s stock.
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Comfort Systems USA Company 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 plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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