MQS Management LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 922 shares of the construction company's stock, valued at approximately $297,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after acquiring an additional 67,240 shares during the last quarter. FMR LLC grew its stake in Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after acquiring an additional 148,493 shares during the last quarter. Geode Capital Management LLC grew its stake in Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after acquiring an additional 21,406 shares during the last quarter. Federated Hermes Inc. grew its stake in Comfort Systems USA by 12.4% in the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after acquiring an additional 51,771 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Comfort Systems USA by 29.5% in the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock valued at $196,675,000 after acquiring an additional 105,756 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.
Comfort Systems USA Trading Up 0.8%
Shares of Comfort Systems USA stock traded up $4.60 during mid-day trading on Friday, hitting $555.10. 89,535 shares of the stock were exchanged, compared to its average volume of 412,001. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $558.12. The stock has a market capitalization of $19.58 billion, a price-to-earnings ratio of 33.29 and a beta of 1.51. The company has a 50-day simple moving average of $501.17 and a 200 day simple moving average of $430.36. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the company earned $2.69 EPS. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.32%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.
Insiders Place Their Bets
In related news, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the sale, the director directly owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider directly owned 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on FIX. DA Davidson increased their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $572.60.
View Our Latest Stock Analysis on FIX
Comfort Systems USA Company Profile
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Free Report)
Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.
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