Redwood Investments LLC boosted its stake in shares of Comfort Systems USA Inc. (NYSE:FIX) by 56.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,935 shares of the company’s stock after buying an additional 34,270 shares during the period. Redwood Investments LLC’s holdings in Comfort Systems USA were worth $3,092,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in FIX. Friess Associates LLC purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $8,262,000. Eagle Asset Management Inc. purchased a new stake in shares of Comfort Systems USA during the second quarter valued at $5,912,000. TIAA CREF Investment Management LLC increased 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 valued at $11,436,000 after buying an additional 151,096 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Comfort Systems USA by 597.8% in the first quarter. Panagora Asset Management Inc. now owns 154,289 shares of the company’s stock valued at $4,902,000 after buying an additional 132,179 shares during the period. Finally, Columbia Partners L L C Investment Management purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $3,596,000. Institutional investors own 97.38% of the company’s stock.
Comfort Systems USA Inc. (NYSE:FIX) traded up 2.09% during midday trading on Wednesday, hitting $29.84. 255,659 shares of the stock traded hands. Comfort Systems USA Inc. has a one year low of $24.22 and a one year high of $35.00. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 19.39 and a beta of 1.57. The company has a 50-day moving average price of $28.79 and a 200 day moving average price of $30.78.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The firm earned $427.50 million during the quarter, compared to analysts’ expectations of $447.05 million. Comfort Systems USA had a net margin of 3.63% and a return on equity of 16.53%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Equities research analysts anticipate that Comfort Systems USA Inc. will post $1.72 earnings per share for the current year.
Several equities research analysts have weighed in on FIX shares. Sidoti downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Tuesday, July 12th. Zacks Investment Research downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
In other Comfort Systems USA news, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the firm’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 value of $191,380.00. Following the completion of the transaction, the director now owns 23,516 shares of the company’s stock, valued at approximately $642,927.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Krusi sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $30.13, for a total transaction of $90,390.00. The disclosure for this sale can be found here. 3.49% of the stock is currently 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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