Comfort Systems USA, Inc. (NYSE:FIX) Director Darcy Anderson sold 10,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $42.75, for a total value of $427,500.00. Following the sale, the director now directly owns 42,352 shares of the company’s stock, valued at $1,810,548. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $480.85 million for the quarter, compared to analysts’ expectations of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Friday, November 10th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.30 dividend on an annualized basis and a yield of 0.68%. Comfort Systems USA’s dividend payout ratio (DPR) is 17.44%.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday. DA Davidson raised their price target on shares of Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, BidaskClub raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Comfort Systems USA has an average rating of “Hold” and a consensus price target of $63.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stevens Capital Management LP bought a new position in Comfort Systems USA in the 3rd quarter worth about $290,000. State Board of Administration of Florida Retirement System increased its stake in Comfort Systems USA by 6.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 40,027 shares of the construction company’s stock worth $1,429,000 after acquiring an additional 2,466 shares during the last quarter. Legato Capital Management LLC increased its stake in Comfort Systems USA by 256.8% in the 3rd quarter. Legato Capital Management LLC now owns 42,229 shares of the construction company’s stock worth $1,507,000 after acquiring an additional 30,395 shares during the last quarter. Bridge City Capital LLC increased its stake in Comfort Systems USA by 56.2% in the 3rd quarter. Bridge City Capital LLC now owns 37,181 shares of the construction company’s stock worth $1,327,000 after acquiring an additional 13,383 shares during the last quarter. Finally, Copeland Capital Management LLC increased its stake in Comfort Systems USA by 2.3% in the 3rd quarter. Copeland Capital Management LLC now owns 441,581 shares of the construction company’s stock worth $15,764,000 after acquiring an additional 9,952 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
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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