PineBridge Investments L.P. raised its position in Comfort Systems USA Inc. (NYSE:FIX) by 3.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,717 shares of the company’s stock after buying an additional 144 shares during the period. PineBridge Investments L.P.’s holdings in Comfort Systems USA were worth $153,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. M&T Bank Corp boosted its position in Comfort Systems USA by 17.6% in the first quarter. M&T Bank Corp now owns 41,517 shares of the company’s stock worth $1,319,000 after buying an additional 6,227 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Comfort Systems USA during the first quarter worth about $286,000. Columbia Partners L L C Investment Management acquired a new position in Comfort Systems USA during the first quarter worth about $3,596,000. BlackRock Institutional Trust Company N.A. boosted its position in Comfort Systems USA by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,399,279 shares of the company’s stock worth $44,455,000 after buying an additional 6,744 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in Comfort Systems USA by 3.8% in the first quarter. BlackRock Group LTD now owns 94,141 shares of the company’s stock worth $2,990,000 after buying an additional 3,442 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.
Comfort Systems USA Inc. (NYSE:FIX) opened at 29.31 on Friday. Comfort Systems USA Inc. has a one year low of $24.22 and a one year high of $35.00. The company has a 50 day moving average price of $28.75 and a 200-day moving average price of $30.77. The company has a market capitalization of $1.10 billion, a PE ratio of 19.04 and a beta of 1.61.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The business had revenue of $427.50 million for the quarter, compared to analysts’ expectations of $447.05 million. Comfort Systems USA had a return on equity of 16.53% and a net margin of 3.63%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. Analysts expect that Comfort Systems USA Inc. will post $1.72 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. Sidoti cut Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Tuesday, July 12th. Zacks Investment Research cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.
In other Comfort Systems USA news, Director Alan Krusi sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $30.13, for a total value of $90,390.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was bought at an average cost of $28.82 per share, for a total transaction of $57,640.00. Following the completion of the purchase, the director now directly owns 180,000 shares in the company, valued at $5,187,600. The disclosure for this purchase can be found here. 3.49% of the stock is owned by company insiders.
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. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.
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