Epoch Investment Partners Inc. Invests $10.99 Million in Comfort Systems USA, Inc. (FIX) Stock

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Epoch Investment Partners Inc. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 251,630 shares of the construction company’s stock, valued at approximately $10,991,000. Epoch Investment Partners Inc. owned approximately 0.68% of Comfort Systems USA at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Comfort Systems USA by 5.6% during the third quarter. BlackRock Inc. now owns 6,475,145 shares of the construction company’s stock worth $365,197,000 after purchasing an additional 343,379 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Comfort Systems USA by 9.2% during the third quarter. Vanguard Group Inc now owns 3,971,773 shares of the construction company’s stock worth $224,008,000 after purchasing an additional 334,921 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Comfort Systems USA by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,971,773 shares of the construction company’s stock worth $224,008,000 after purchasing an additional 334,921 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Comfort Systems USA by 66.4% during the third quarter. TIAA CREF Investment Management LLC now owns 357,246 shares of the construction company’s stock worth $20,149,000 after purchasing an additional 142,513 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Comfort Systems USA by 1,349.0% during the third quarter. Victory Capital Management Inc. now owns 142,526 shares of the construction company’s stock worth $8,038,000 after purchasing an additional 132,690 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman Franklin Myers bought 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, February 27th. The shares were acquired at an average cost of $52.84 per share, for a total transaction of $211,360.00. Following the completion of the acquisition, the chairman now directly owns 235,000 shares of the company’s stock, valued at approximately $12,417,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $47.85, for a total value of $95,700.00. The disclosure for this sale can be found here. Insiders sold 35,131 shares of company stock worth $1,858,940 over the last quarter. 3.45% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on FIX. Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Monday, January 21st. Sidoti cut Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a report on Tuesday. Finally, DA Davidson boosted their price target on Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, February 25th.

NYSE:FIX opened at $52.44 on Friday. The stock has a market cap of $1.94 billion, a PE ratio of 17.48, a PEG ratio of 1.57 and a beta of 1.35. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15. Comfort Systems USA, Inc. has a 1-year low of $39.85 and a 1-year high of $59.83.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 21st. The construction company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.13). Comfort Systems USA had a return on equity of 23.37% and a net margin of 5.17%. The firm had revenue of $588.36 million for the quarter, compared to the consensus estimate of $568.77 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 3.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Monday, March 11th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, March 8th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 0.72%. Comfort Systems USA’s dividend payout ratio is presently 12.67%.

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

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