Westwood Holdings Group Inc. boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 36.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 534,660 shares of the construction company’s stock after purchasing an additional 142,721 shares during the period. Westwood Holdings Group Inc. owned about 1.43% of Comfort Systems USA worth $19,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. Karp Capital Management Corp acquired a new position in Comfort Systems USA during the first quarter valued at $795,000. Parametric Portfolio Associates LLC lifted its position in Comfort Systems USA by 4.8% during the first quarter. Parametric Portfolio Associates LLC now owns 84,934 shares of the construction company’s stock valued at $3,113,000 after purchasing an additional 3,862 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Comfort Systems USA during the first quarter valued at $117,000. Mason Street Advisors LLC lifted its position in Comfort Systems USA by 7.9% during the first quarter. Mason Street Advisors LLC now owns 8,701 shares of the construction company’s stock valued at $319,000 after purchasing an additional 634 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Comfort Systems USA by 6.5% during the first quarter. Envestnet Asset Management Inc. now owns 6,587 shares of the construction company’s stock valued at $242,000 after purchasing an additional 404 shares during the period. Institutional investors own 92.50% of the company’s stock.
In related news, Chairman Franklin Myers acquired 5,482 shares of Comfort Systems USA stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $33.58 per share, for a total transaction of $184,085.56. Following the completion of the purchase, the chairman now directly owns 205,000 shares of the company’s stock, valued at $6,883,900. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total transaction of $67,700.00. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by company insiders.
FIX has been the subject of a number of research reports. BidaskClub upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Comfort Systems USA presently has a consensus rating of “Hold” and a consensus target price of $83.00.
Shares of Comfort Systems USA, Inc. (FIX) traded up 0.53% on Friday, hitting $37.60. 25,621 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $35.02 and its 200 day moving average price is $35.17. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 22.64 and a beta of 1.25. Comfort Systems USA, Inc. has a 12-month low of $26.90 and a 12-month high of $39.67.
Comfort Systems USA (NYSE:FIX) last released its earnings results on Friday, July 28th. The construction company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. The firm had revenue of $465.41 million during the quarter, compared to analyst estimates of $462.06 million. During the same quarter last year, the business posted $0.47 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts predict that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current fiscal year.
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Comfort Systems USA 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.
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