Alps Advisors Inc. lowered its stake in Comfort Systems USA Inc. (NYSE:FIX) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,785 shares of the company’s stock after selling 1,016 shares during the period. Alps Advisors Inc.’s holdings in Comfort Systems USA were worth $449,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake 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 valued at $44,455,000 after buying an additional 6,744 shares in the last quarter. State Street Corp raised its stake in shares of Comfort Systems USA by 3.6% in the first quarter. State Street Corp now owns 826,197 shares of the company’s stock worth $26,252,000 after buying an additional 28,868 shares in the last quarter. Hancock Holding Co. raised its stake in shares of Comfort Systems USA by 8.9% in the first quarter. Hancock Holding Co. now owns 396,640 shares of the company’s stock worth $12,601,000 after buying an additional 32,320 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Comfort Systems USA by 72.3% in the first quarter. TIAA CREF Investment Management LLC now owns 359,957 shares of the company’s stock worth $11,436,000 after buying an additional 151,096 shares in the last quarter. Finally, Friess Associates LLC bought a new stake in shares of Comfort Systems USA during the first quarter worth $8,262,000. Institutional investors and hedge funds own 97.38% of the company’s stock.
Comfort Systems USA Inc. (NYSE:FIX) traded up 2.09% during trading on Wednesday, hitting $29.84. 255,659 shares of the stock traded hands. The company has a 50-day moving average price of $28.79 and a 200-day moving average price of $30.78. The stock has a market cap of $1.12 billion, a PE ratio of 19.39 and a beta of 1.57. Comfort Systems USA Inc. has a 12 month low of $24.22 and a 12 month high of $35.00.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. Comfort Systems USA had a net margin of 3.63% and a return on equity of 16.53%. The company had revenue of $427.50 million for the quarter, compared to analyst estimates of $447.05 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Comfort Systems USA Inc. will post $1.72 EPS for the current year.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, August 12th.
In related news, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $27.34, for a total transaction of $191,380.00. Following the sale, the director now owns 23,516 shares of the company’s stock, valued at approximately $642,927.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were purchased at an average cost of $29.26 per share, for a total transaction of $87,780.00. Following the acquisition, the director now directly owns 178,000 shares in the company, valued at approximately $5,208,280. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by insiders.
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. 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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