Bridge City Capital LLC Has $2.50 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

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Bridge City Capital LLC boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,993 shares of the construction company’s stock after purchasing an additional 241 shares during the period. Comfort Systems USA accounts for approximately 1.4% of Bridge City Capital LLC’s holdings, making the stock its 21st largest holding. Bridge City Capital LLC owned approximately 0.13% of Comfort Systems USA worth $2,498,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FIX. Arizona State Retirement System lifted its holdings in Comfort Systems USA by 0.7% during the second quarter. Arizona State Retirement System now owns 57,248 shares of the construction company’s stock worth $2,919,000 after acquiring an additional 371 shares in the last quarter. Huntington National Bank raised its stake in shares of Comfort Systems USA by 46.1% in the 2nd quarter. Huntington National Bank now owns 1,062 shares of the construction company’s stock valued at $54,000 after purchasing an additional 335 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at about $80,000. Copeland Capital Management LLC raised its stake in shares of Comfort Systems USA by 20.4% in the 2nd quarter. Copeland Capital Management LLC now owns 403,908 shares of the construction company’s stock valued at $20,595,000 after purchasing an additional 68,300 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,688 shares of the construction company’s stock valued at $749,000 after purchasing an additional 300 shares during the period. 92.23% of the stock is owned by hedge funds and other institutional investors.

FIX opened at $39.65 on Tuesday. The firm has a 50-day moving average price of $49.41. Comfort Systems USA, Inc. has a 1 year low of $39.03 and a 1 year high of $59.83. The firm has a market cap of $1.52 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.38 and a quick ratio of 1.35.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.21). Comfort Systems USA had a net margin of 4.54% and a return on equity of 21.15%. The firm had revenue of $650.30 million during the quarter, compared to analyst estimates of $676.49 million. During the same period in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. Research analysts expect that Comfort Systems USA, Inc. will post 2.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, August 9th. Comfort Systems USA’s dividend payout ratio is 13.33%.

Several analysts have issued reports on FIX shares. DA Davidson raised Comfort Systems USA from a “neutral” rating to a “buy” rating and dropped their price target for the company from $57.00 to $52.00 in a research note on Monday, July 29th. Zacks Investment Research downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, ValuEngine downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th.

In related news, CFO William George III bought 2,500 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of $41.39 per share, with a total value of $103,475.00. Following the completion of the transaction, the chief financial officer now owns 55,462 shares in the company, valued at $2,295,572.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Franklin Myers bought 5,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $41.89 per share, for a total transaction of $230,395.00. Following the transaction, the chairman now owns 250,000 shares of the company’s stock, valued at approximately $10,472,500. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,238 shares of company stock worth $490,834. 3.23% of the stock is owned by company insiders.

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

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