Teachers Retirement System of The State of Kentucky cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,800 shares of the construction company’s stock after selling 1,900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Comfort Systems USA were worth $559,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in FIX. LS Investment Advisors LLC raised its position in Comfort Systems USA by 119.1% in the fourth quarter. LS Investment Advisors LLC now owns 3,026 shares of the construction company’s stock valued at $132,000 after purchasing an additional 1,645 shares during the period. Magnetar Financial LLC purchased a new position in Comfort Systems USA in the third quarter valued at about $202,000. FDx Advisors Inc. purchased a new position in Comfort Systems USA in the fourth quarter valued at about $208,000. Greenwood Capital Associates LLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $210,000. Finally, Goodman Financial Corp purchased a new position in Comfort Systems USA in the fourth quarter valued at about $223,000. 94.91% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, December 27th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Comfort Systems USA presently has a consensus rating of “Hold” and a consensus target price of $58.00.
Shares of FIX stock opened at $39.85 on Friday. Comfort Systems USA, Inc. has a 52-week low of $31.90 and a 52-week high of $44.80. The stock has a market capitalization of $1,516.74, a PE ratio of 27.11, a PEG ratio of 1.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.31.
Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.06). Comfort Systems USA had a return on equity of 16.10% and a net margin of 3.09%. The business had revenue of $461.10 million for the quarter, compared to analysts’ expectations of $445.85 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. research analysts predict that Comfort Systems USA, Inc. will post 2.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Monday, March 12th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, March 9th. Comfort Systems USA’s payout ratio is 20.41%.
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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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