Ohio-based investment firm Strs Ohio has decreased its holdings in Comfort Systems USA, Inc. by 7.7% during the first quarter of this year, according to its recent disclosure with the US Securities and Exchange Commission (SEC). The firm now owns 10,800 shares of the construction company’s stock, having sold 900 shares in Q1. As of its most recent filing with the SEC, Strs Ohio’s holdings in Comfort Systems USA were valued at $1,576,000.
Comfort Systems USA (NYSE:FIX) recently released its quarterly earnings report on April 26th. The construction company reported an EPS of $1.51 for the quarter, surpassing analysts’ consensus estimates of $1.07 by $0.44. Additionally, Comfort Systems USA recorded revenue of $1.17 billion during the quarter, exceeding analysts’ expectations which stood at $1.10 billion. These positive results showcase the effectiveness and profitability of Comfort Systems’ business strategies.
Furthermore, Comfort Systems USA displayed a strong return on equity of 21.72% and a net margin of 4.89%. Comparing this quarter’s revenue with that of the same period last year reveals an impressive growth rate of 32.7%. It is evident that Comfort Systems USA continues to enhance its financial performance and expand its market presence.
Looking ahead to the current fiscal year, analysts are optimistic about Comfort Systems USA’s prospects. They expect the company to post earnings per share (EPS) of 6.79 for this fiscal year based on their projections and analysis.
In other news related to Comfort Systems USA’s stock movement and key players within the company, Director Constance Ellen Skidmore recently sold 3,000 shares on June 12th at an average price of $159.94 per share, resulting in a transaction worth approximately $479,820.00 USD.
Following this sale transaction, Skidmore now holds 22,787 shares in Comfort Systems USA, valued at approximately $3,644,552.78. This information was disclosed in a filing with the SEC and is accessible on their website. Currently, insiders own 2.20% of the company’s stock.
In conclusion, Ohio-based investment firm Strs Ohio has lowered its holdings in Comfort Systems USA by 7.7% during Q1 this year, while Comfort Systems USA reported impressive quarterly earnings that surpassed analysts’ expectations. The company’s robust financial performance is reflected in its growing revenue and strong return on equity. Analysts maintain a positive outlook for Comfort Systems USA and anticipate solid earnings per share results for the current fiscal year.
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Comfort Systems USA, Inc. Attracts Institutional Investors and Hedge Funds, Sets Stage for Growth and Success in Construction Industry
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”FIX” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Comfort Systems USA, Inc. (NYSE: FIX), a leading construction company, has recently experienced significant activity from hedge funds and institutional investors. Vanguard Group Inc., one of the largest investment management companies in the world, increased its holdings in Comfort Systems USA by 1.0% during the third quarter of last year. This acquisition resulted in Vanguard Group owning a total of 3,898,077 shares of the company’s stock which were valued at $379,399,000.
Capital World Investors also made moves in the first quarter of this year, increasing its holdings in Comfort Systems USA by an impressive 32.3%. This equated to Capital World Investors now owning 2,336,939 shares of the company’s stock with a value of $208,011,000.
Dimensional Fund Advisors LP followed suit during the fourth quarter by lifting its holdings in Comfort Systems USA by 2.4%. As a result, Dimensional Fund Advisors LP now holds 1,320,797 shares of the construction company’s stock valued at $152,002,000.
State Street Corp and Geode Capital Management LLC also increased their positions in Comfort Systems USA during recent quarters by 1.5% and 3.5%, respectively.
These impressive investments from institutional investors and hedge funds collectively account for approximately 94.51% ownership of Comfort Systems USA’s stock.
On Thursday July 20th, shares of FIX stock opened at $169.13 on the NYSE. With a market capitalization totaling $6.05 billion and a price-to-earnings ratio standing at 28.14 with a beta value at 1.21; shareholders are poised for potential growth.
Comfort Systems USA has been steadily climbing on the market charts since reporting its quarterly earnings a few months ago with its exceptional performances throughout several quarters leading up to that point serving as clear indicators for investor confidence.
This success can be attributed to Comfort Systems USA’s efficient management of its resources and ability to navigate a challenging market. With a fifty-two week low of $88.22 and a fifty-two week high of $172.02, Comfort Systems USA has delivered consistent returns for its shareholders.
Additionally, the company boasts strong financial health with a quick ratio standing at 1.01 and a current ratio at 1.04, indicating the company’s ability to meet its short-term obligations promptly.
Comfort Systems USA also demonstrates its cautious approach to debt management through its low debt-to-equity ratio of 0.19, which reflects that the company is not overly reliant on borrowed funds.
In recent news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in an off-market transaction on Monday, June 12th. These shares were sold at an average price of $159.94 per share, resulting in a total transaction value of $479,820. Following this sale, Skidmore now holds approximately 22,787 shares in the company valued at approximately $3,644,552.
Moreover, Comfort Systems USA recently declared a quarterly dividend which was paid to investors on Monday, May 29th. Shareholders who held their stake as of Thursday, May 18th received dividend payments worth $0.20 per share. This represents an increase from the previous quarterly dividend payment of $0.18 per share.
With a dividend payout ratio (DPR) currently standing at 13.31%, Comfort Systems USA continues to reward its shareholders with attractive dividends while maintaining the capital needed for future growth and investment opportunities.
Research analysts have also taken notice of FIX stock’s performance and potential. UBS Group initiated coverage on Comfort Systems USA in June 2023 and assigned the company a “neutral” rating along with a price target of $162 per share.
Similarly, StockNews.com initiated coverage on Comfort Systems USA in May 2023, giving the company a “buy” rating.
Overall, as Comfort Systems USA continues to attract attention from prominent institutional investors and hedge funds, their holdings further solidify the company’s potential for growth and success. With a positive outlook from research analysts and a track record of strong financial performance, Comfort Systems USA is likely to maintain its position as a leading player in the construction industry.
