TIAA CREF Investment Management LLC reduced its stake in Comfort Systems USA (NYSE:FIX) by 29.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,362 shares of the construction company’s stock after selling 97,125 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.62% of Comfort Systems USA worth $9,968,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Comfort Systems USA by 4.2% during the 4th quarter. BlackRock Inc. now owns 5,285,746 shares of the construction company’s stock worth $230,723,000 after acquiring an additional 213,140 shares during the last quarter. Teachers Advisors LLC grew its position in Comfort Systems USA by 3.0% during the 4th quarter. Teachers Advisors LLC now owns 588,157 shares of the construction company’s stock worth $25,673,000 after acquiring an additional 17,275 shares during the last quarter. Copper Rock Capital Partners LLC grew its position in Comfort Systems USA by 3.6% during the 4th quarter. Copper Rock Capital Partners LLC now owns 587,627 shares of the construction company’s stock worth $25,767,000 after acquiring an additional 20,365 shares during the last quarter. Geode Capital Management LLC grew its position in Comfort Systems USA by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 315,421 shares of the construction company’s stock worth $13,768,000 after acquiring an additional 8,550 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Comfort Systems USA by 5.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 261,637 shares of the construction company’s stock worth $11,421,000 after acquiring an additional 12,914 shares during the last quarter. Institutional investors and hedge funds own 95.05% of the company’s stock.
In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $42.50, for a total transaction of $85,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 19,124 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $40.26, for a total value of $769,932.24. The disclosure for this sale can be found here. 3.48% of the stock is currently owned by corporate insiders.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.06). The business had revenue of $461.10 million for the quarter, compared to the consensus estimate of $445.85 million. Comfort Systems USA had a return on equity of 16.10% and a net margin of 3.09%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. analysts forecast that Comfort Systems USA will post 2.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Monday, March 12th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, March 9th. Comfort Systems USA’s dividend payout ratio is 17.24%.
Separately, Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.00.
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Comfort Systems USA Company 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 industrial process piping.
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