River Road Asset Management LLC Acquires Shares of 773,720 Comfort Systems USA, Inc. (NYSE:FIX)

River Road Asset Management LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 773,720 shares of the construction company’s stock, valued at approximately $34,222,000. River Road Asset Management LLC owned about 2.11% of Comfort Systems USA as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIX. BlackRock Inc. raised its stake in shares of Comfort Systems USA by 3.9% during the 2nd quarter. BlackRock Inc. now owns 6,456,390 shares of the construction company’s stock worth $329,209,000 after buying an additional 244,286 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $48,159,000. Northern Trust Corp raised its stake in shares of Comfort Systems USA by 5.5% during the 2nd quarter. Northern Trust Corp now owns 529,332 shares of the construction company’s stock worth $26,989,000 after buying an additional 27,384 shares in the last quarter. Copper Rock Capital Partners LLC raised its stake in shares of Comfort Systems USA by 4.2% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 496,452 shares of the construction company’s stock worth $25,314,000 after buying an additional 20,153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Comfort Systems USA by 4.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 459,297 shares of the construction company’s stock worth $23,420,000 after buying an additional 18,710 shares in the last quarter. 93.98% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, October 29th. DA Davidson increased their target price on Comfort Systems USA to $60.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, ValuEngine raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

NYSE FIX traded down $0.73 during mid-day trading on Tuesday, hitting $50.35. The stock had a trading volume of 6,789 shares, compared to its average volume of 335,728. Comfort Systems USA, Inc. has a 52-week low of $36.27 and a 52-week high of $58.21. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The company has a 50 day simple moving average of $46.36 and a 200 day simple moving average of $46.53. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 0.54.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, October 25th. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. Comfort Systems USA had a return on equity of 20.05% and a net margin of 4.24%. The firm had revenue of $706.90 million during the quarter, compared to the consensus estimate of $701.83 million. During the same period last year, the business posted $1.02 EPS. Comfort Systems USA’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 2.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 7th. Comfort Systems USA’s payout ratio is currently 13.33%.

In other news, CFO William George III acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $37.47 per share, with a total value of $37,470.00. Following the purchase, the chief financial officer now directly owns 56,462 shares of the company’s stock, valued at approximately $2,115,631.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 20,949 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $50.79, for a total value of $1,063,999.71. Following the completion of the transaction, the insider now directly owns 224,560 shares of the company’s stock, valued at $11,405,402.40. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 7,000 shares of company stock valued at $268,060 and sold 28,453 shares valued at $1,447,933. Company insiders own 3.23% of the company’s stock.

Comfort Systems USA Company 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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