Comfort Systems USA, Inc. (FIX) Position Cut by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 18.7% during the first quarter, Holdings Channel reports. The firm owned 276,225 shares of the construction company’s stock after selling 63,338 shares during the period. Eagle Asset Management Inc.’s holdings in Comfort Systems USA were worth $10,123,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue increased 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 period. Municipal Employees Retirement System of Michigan increased its position in shares of Comfort Systems USA by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,840 shares of the construction company’s stock valued at $376,000 after buying an additional 140 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Comfort Systems USA by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the construction company’s stock valued at $557,000 after buying an additional 400 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Comfort Systems USA by 3.3% in the third quarter. UBS Asset Management Americas Inc. now owns 18,998 shares of the construction company’s stock valued at $557,000 after buying an additional 600 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Comfort Systems USA by 11.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,374 shares of the construction company’s stock valued at $307,000 after buying an additional 841 shares during the period. Institutional investors own 93.99% of the company’s stock.

Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

Shares of Comfort Systems USA, Inc. (NYSE:FIX) traded down 0.57% during midday trading on Friday, hitting $34.80. 316,382 shares of the stock traded hands. The company has a market capitalization of $1.30 billion, a PE ratio of 20.95 and a beta of 1.28. The firm’s 50 day moving average price is $35.67 and its 200 day moving average price is $34.26. 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 quarterly earnings results on Wednesday, April 26th. The construction company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.05. Comfort Systems USA had a net margin of 3.76% and a return on equity of 17.22%. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $405.43 million. During the same quarter last year, the company posted $0.26 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post $1.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Investors of record on Friday, May 12th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.07. Comfort Systems USA’s dividend payout ratio is 17.28%.

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Several equities analysts have commented on the company. Guggenheim assumed coverage on Comfort Systems USA in a report on Tuesday, April 11th. They set a “buy” rating on the stock. Jefferies Group LLC increased their price target on Comfort Systems USA from $80.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Zacks Investment Research downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, DA Davidson reiterated a “neutral” rating on shares of Comfort Systems USA in a report on Monday, February 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $54.00.

In related news, insider Julie Shaeff sold 15,400 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $36.84, for a total value of $567,336.00. Following the sale, the insider now owns 34,487 shares in the company, valued at approximately $1,270,501.08. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 value of $1,037,589.84. Following the completion of the sale, the chief financial officer now owns 50,062 shares in the company, valued at approximately $1,829,265.48. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 9,000 shares of company stock worth $329,175 and sold 68,165 shares worth $2,497,772. 3.49% of the stock is currently owned by corporate 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. 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.

5 Day Chart for NYSE:FIX

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