SG Americas Securities LLC Buys Shares of 5,970 Comfort Systems USA, Inc. (FIX)
SG Americas Securities LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,970 shares of the construction company’s stock, valued at approximately $221,000.
Several other hedge funds have also added to or reduced their stakes in FIX. Ameritas Investment Partners Inc. bought a new position in shares of Comfort Systems USA during the 1st quarter valued at $117,000. RE Advisers Corp bought a new position in shares of Comfort Systems USA during the 1st quarter valued at $135,000. Biltmore Wealth Management LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at $209,000. Invictus RG bought a new position in shares of Comfort Systems USA during the 1st quarter valued at $226,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Comfort Systems USA by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,587 shares of the construction company’s stock valued at $242,000 after purchasing an additional 404 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.
In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total transaction of $67,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Franklin Myers acquired 5,482 shares of the business’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $33.58 per share, for a total transaction of $184,085.56. Following the transaction, the chairman now directly owns 205,000 shares of the company’s stock, valued at $6,883,900. The disclosure for this purchase can be found here. Insiders own 3.49% of the company’s stock.
Several equities analysts recently commented on FIX shares. BidaskClub raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Comfort Systems USA presently has a consensus rating of “Hold” and an average price target of $63.00.
Comfort Systems USA, Inc. (NYSE:FIX) opened at 34.65 on Tuesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 20.86 and a beta of 1.26. The company’s 50 day moving average is $33.45 and its 200 day moving average is $35.15. Comfort Systems USA, Inc. has a 12-month low of $26.90 and a 12-month high of $39.67.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. The business had revenue of $465.41 million during the quarter, compared to the consensus estimate of $462.06 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts forecast that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 10th. Comfort Systems USA’s dividend payout ratio is presently 17.96%.
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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