Comfort Systems USA (NYSE:FIX) Sets New 12-Month Low at $37.08

Comfort Systems USA, Inc. (NYSE:FIX)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $37.08 and last traded at $37.15, with a volume of 129435 shares changing hands. The stock had previously closed at $38.39.

A number of analysts have recently weighed in on FIX shares. DA Davidson raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $57.00 to $52.00 in a research report on Monday, July 29th. ValuEngine downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Finally, Zacks Investment Research downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th.

The firm has a 50 day simple moving average of $45.17 and a 200-day simple moving average of $49.95. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.39 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.41 and a beta of 1.33.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.21). Comfort Systems USA had a return on equity of 21.15% and a net margin of 4.54%. The business had revenue of $650.30 million for the quarter, compared to analysts’ expectations of $676.49 million. During the same quarter in the previous year, the firm posted $0.79 EPS. Comfort Systems USA’s revenue was up 21.6% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 2.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, August 9th. Comfort Systems USA’s payout ratio is presently 13.33%.

In other Comfort Systems USA news, CFO William George III bought 2,500 shares of Comfort Systems USA stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $41.39 per share, with a total value of $103,475.00. Following the purchase, the chief financial officer now directly owns 55,462 shares in the company, valued at approximately $2,295,572.18. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Franklin Myers bought 5,500 shares of Comfort Systems USA stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of $41.89 per share, with a total value of $230,395.00. Following the completion of the purchase, the chairman now owns 250,000 shares in the company, valued at $10,472,500. The disclosure for this purchase can be found here. Insiders acquired 9,500 shares of company stock valued at $392,980 over the last three months. 3.23% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in FIX. Advisory Services Network LLC raised its stake in shares of Comfort Systems USA by 193.6% during the 2nd quarter. Advisory Services Network LLC now owns 775 shares of the construction company’s stock worth $40,000 after buying an additional 511 shares during the period. Huntington National Bank increased its position in shares of Comfort Systems USA by 46.1% during the second quarter. Huntington National Bank now owns 1,062 shares of the construction company’s stock worth $54,000 after purchasing an additional 335 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Comfort Systems USA by 2,054.9% during the first quarter. Quadrant Capital Group LLC now owns 1,099 shares of the construction company’s stock worth $56,000 after purchasing an additional 1,048 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Comfort Systems USA during the second quarter worth approximately $66,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Comfort Systems USA during the second quarter worth approximately $71,000. 92.53% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile (NYSE:FIX)

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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