Comfort Systems USA, Inc. (NYSE:FIX) Stake Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,682 shares of the construction company’s stock after selling 630 shares during the quarter. Squarepoint Ops LLC’s holdings in Comfort Systems USA were worth $467,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Comfort Systems USA by 5.6% in the 3rd quarter. BlackRock Inc. now owns 6,475,145 shares of the construction company’s stock worth $365,197,000 after acquiring an additional 343,379 shares during the last quarter. Vanguard Group Inc. increased its stake in Comfort Systems USA by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,971,773 shares of the construction company’s stock worth $224,008,000 after buying an additional 334,921 shares during the period. Vanguard Group Inc increased its stake in Comfort Systems USA by 9.2% during the 3rd quarter. Vanguard Group Inc now owns 3,971,773 shares of the construction company’s stock worth $224,008,000 after buying an additional 334,921 shares during the period. Dimensional Fund Advisors LP increased its stake in Comfort Systems USA by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,584,643 shares of the construction company’s stock worth $69,216,000 after buying an additional 20,036 shares during the period. Finally, Teachers Advisors LLC increased its stake in Comfort Systems USA by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 601,469 shares of the construction company’s stock worth $33,923,000 after buying an additional 2,292 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

FIX traded down $0.33 during trading hours on Friday, hitting $52.32. 214,752 shares of the company’s stock were exchanged, compared to its average volume of 239,335. Comfort Systems USA, Inc. has a 12-month low of $41.14 and a 12-month high of $59.83. The company has a market cap of $1.93 billion, a P/E ratio of 17.44, a PEG ratio of 1.62 and a beta of 1.32. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.14.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 25th. The construction company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). Comfort Systems USA had a return on equity of 23.00% and a net margin of 5.15%. The business had revenue of $538.47 million for the quarter, compared to analysts’ expectations of $538.80 million. During the same period in the previous year, the company earned $0.44 earnings per share. Comfort Systems USA’s quarterly revenue was up 15.8% on a year-over-year basis. Research analysts forecast that Comfort Systems USA, Inc. will post 3.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Comfort Systems USA’s dividend payout ratio is currently 12.67%.

FIX has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Sidoti downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday, March 12th. Finally, DA Davidson upped their target price on shares of Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th.

In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $53.49, for a total value of $106,980.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Franklin Myers acquired 4,500 shares of the company’s stock in a transaction on Monday, April 29th. The stock was purchased at an average cost of $53.61 per share, for a total transaction of $241,245.00. Following the completion of the transaction, the chairman now owns 239,500 shares in the company, valued at approximately $12,839,595. The disclosure for this purchase can be found here. Over the last three months, insiders sold 35,131 shares of company stock worth $1,870,220. Insiders own 3.23% of the company’s stock.

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Comfort Systems USA Profile

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

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

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