Equitable Holdings Inc. acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 765 shares of the construction company’s stock, valued at approximately $1,516,000.
Several other hedge funds have also added to or reduced their stakes in FIX. BlackRock Inc. bought a new position in shares of Comfort Systems USA during the second quarter valued at $6,734,037,000. State Street Corp raised its position in shares of Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC boosted its stake in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after purchasing an additional 332,441 shares in the last quarter. Invesco Ltd. boosted its stake in Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after purchasing an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Comfort Systems USA by 22.1% during the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after purchasing an additional 184,362 shares during the last quarter. 96.51% of the stock is owned by institutional investors.
Insider Activity
In other news, CFO William George III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,778 shares of company stock valued at $56,306,777 in the last ninety days. 1.24% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on FIX
Comfort Systems USA Stock Performance
Shares of FIX stock opened at $1,518.08 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $1,747.26 and a 200-day moving average price of $1,669.40. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The firm has a market capitalization of $53.42 billion, a PE ratio of 37.34 and a beta of 1.69.
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $6.53 earnings per share. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.
Comfort Systems USA Profile
Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.
Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.
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