Copper Rock Capital Partners LLC Reduces Position in Comfort Systems USA, Inc. (FIX)
Copper Rock Capital Partners LLC reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 769,057 shares of the construction company’s stock after selling 15,665 shares during the period. Copper Rock Capital Partners LLC owned approximately 2.07% of Comfort Systems USA worth $25,610,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Preferred LLC acquired a new position in shares of Comfort Systems USA during the first quarter valued at $106,000. Ameritas Investment Partners Inc. acquired a new position in shares of Comfort Systems USA during the first quarter valued at $117,000. RE Advisers Corp acquired a new position in shares of Comfort Systems USA during the first quarter valued at $135,000. State of Alaska Department of Revenue raised its position 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 valued at $150,000 after buying an additional 90 shares during the last quarter. Finally, Princeton Alpha Management LP acquired a new position in shares of Comfort Systems USA during the first quarter valued at $204,000. Institutional investors own 93.78% of the company’s stock.
Shares of Comfort Systems USA, Inc. (NYSE FIX) traded up 0.27% during mid-day trading on Friday, hitting $36.70. The stock had a trading volume of 168,730 shares. The stock has a market cap of $1.37 billion, a P/E ratio of 21.85 and a beta of 1.29. The company’s 50 day moving average price is $35.24 and its 200 day moving average price is $35.00. Comfort Systems USA, Inc. has a 12-month low of $26.05 and a 12-month high of $39.67.
Comfort Systems USA (NYSE:FIX) last posted its earnings results on Wednesday, April 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.05. Comfort Systems USA had a net margin of 3.84% and a return on equity of 16.94%. The firm had revenue of $380.60 million during the quarter, compared to analyst estimates of $405.43 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that Comfort Systems USA, Inc. will post $1.82 EPS for the current fiscal year.
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A number of research analysts have commented on the company. Zacks Investment Research cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Jefferies Group LLC upped their price target on Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Guggenheim assumed coverage on Comfort Systems USA in a research note on Tuesday, April 11th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $54.00.
In other news, Chairman Franklin Myers bought 4,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average cost of $35.39 per share, for a total transaction of $141,560.00. Following the purchase, the chairman now owns 195,500 shares of the company’s stock, valued at approximately $6,918,745. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William George III sold 28,396 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $36.54, for a total transaction of $1,037,589.84. Following the completion of the sale, the chief financial officer now directly owns 50,062 shares of the company’s stock, valued at $1,829,265.48. The disclosure for this sale can be found here. Company insiders own 3.49% of the company’s stock.
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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