Short Interest in Comfort Systems USA, Inc. (NYSE:FIX) Grows By 14.9%

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Comfort Systems USA, Inc. (NYSE:FIX) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 598,000 shares, an increase of 14.9% from the April 30th total of 520,300 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 247,500 shares, the days-to-cover ratio is presently 2.4 days.

FIX traded down $0.22 on Wednesday, hitting $50.14. 156,820 shares of the company’s stock were exchanged, compared to its average volume of 229,456. Comfort Systems USA has a fifty-two week low of $41.14 and a fifty-two week high of $59.83. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.80 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.37.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 25th. The construction company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $538.47 million for the quarter, compared to analyst estimates of $538.80 million. Comfort Systems USA had a return on equity of 23.00% and a net margin of 5.15%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. As a group, research analysts anticipate that Comfort Systems USA will post 3.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a dividend of $0.10 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Comfort Systems USA’s payout ratio is presently 13.33%.

In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $53.49, for a total transaction of $106,980.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pablo G. Mercado bought 1,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average cost of $49.38 per share, for a total transaction of $49,380.00. Following the purchase, the director now owns 4,262 shares in the company, valued at $210,457.56. The disclosure for this purchase can be found here. In the last three months, insiders purchased 7,238 shares of company stock valued at $376,569. 3.23% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Comfort Systems USA by 2,054.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,099 shares of the construction company’s stock valued at $56,000 after acquiring an additional 1,048 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Comfort Systems USA by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,584,643 shares of the construction company’s stock valued at $69,216,000 after acquiring an additional 20,036 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Comfort Systems USA by 27.8% during the 1st quarter. First Hawaiian Bank now owns 11,535 shares of the construction company’s stock valued at $604,000 after acquiring an additional 2,509 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Comfort Systems USA by 2.6% during the 1st quarter. Mason Street Advisors LLC now owns 11,841 shares of the construction company’s stock valued at $620,000 after acquiring an additional 304 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Comfort Systems USA by 19.4% during the 4th quarter. Rhumbline Advisers now owns 110,673 shares of the construction company’s stock valued at $4,834,000 after acquiring an additional 17,962 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

FIX has been the topic of several recent research reports. DA Davidson lifted their target price on shares of Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th. Sidoti cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday, March 12th. Finally, Zacks Investment Research cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Monday, April 29th.

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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 plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

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