Comfort Systems USA, Inc. (FIX) Stake Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 56.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,772 shares of the construction company’s stock after purchasing an additional 87,345 shares during the quarter. Russell Investments Group Ltd. owned 0.65% of Comfort Systems USA worth $8,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Comfort Systems USA by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 1,385,182 shares of the construction company’s stock worth $49,450,000 after purchasing an additional 127,761 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Comfort Systems USA by 2.3% during the third quarter. Rhumbline Advisers now owns 72,814 shares of the construction company’s stock worth $2,599,000 after purchasing an additional 1,625 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Comfort Systems USA by 175.3% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,655 shares of the construction company’s stock worth $880,000 after purchasing an additional 15,700 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Comfort Systems USA by 59.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,980 shares of the construction company’s stock worth $499,000 after purchasing an additional 5,200 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Comfort Systems USA by 51.2% during the third quarter. BNP Paribas Arbitrage SA now owns 19,459 shares of the construction company’s stock worth $695,000 after purchasing an additional 6,586 shares in the last quarter. 92.24% of the stock is currently owned by institutional investors.

Comfort Systems USA, Inc. (FIX) remained flat at $$43.05 on Thursday. 108,400 shares of the company’s stock were exchanged, compared to its average volume of 190,953. The firm has a market capitalization of $1,598.63, a P/E ratio of 25.03, a PEG ratio of 2.41 and a beta of 1.27. Comfort Systems USA, Inc. has a one year low of $31.90 and a one year high of $44.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The business had revenue of $480.85 million for the quarter, compared to analysts’ expectations of $469.53 million. During the same period in the previous year, the firm posted $0.54 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. research analysts expect that Comfort Systems USA, Inc. will post 1.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.30 annualized dividend and a yield of 0.70%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.44%.

In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.24, for a total transaction of $86,480.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Franklin Myers purchased 3,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average cost of $40.23 per share, for a total transaction of $120,690.00. Following the completion of the transaction, the chairman now directly owns 208,000 shares in the company, valued at $8,367,840. The disclosure for this purchase can be found here. Insiders have sold a total of 70,473 shares of company stock worth $2,986,454 over the last three months. Insiders own 3.48% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Gilford Securities cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Guggenheim cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $63.00.

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About Comfort Systems USA

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.

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

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