Meeder Asset Management Inc. Cuts Position in Comfort Systems USA, Inc. (NYSE:FIX)

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Meeder Asset Management Inc. trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 17.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,718 shares of the construction company’s stock after selling 2,241 shares during the quarter. Meeder Asset Management Inc.’s holdings in Comfort Systems USA were worth $473,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bridge City Capital LLC raised its holdings in shares of Comfort Systems USA by 0.5% in the 2nd quarter. Bridge City Capital LLC now owns 48,993 shares of the construction company’s stock worth $2,498,000 after purchasing an additional 241 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Comfort Systems USA by 2.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,688 shares of the construction company’s stock valued at $749,000 after buying an additional 300 shares during the period. Huntington National Bank raised its holdings in shares of Comfort Systems USA by 46.1% during the 2nd quarter. Huntington National Bank now owns 1,062 shares of the construction company’s stock valued at $54,000 after buying an additional 335 shares during the period. Arizona State Retirement System raised its holdings in shares of Comfort Systems USA by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 57,248 shares of the construction company’s stock valued at $2,919,000 after buying an additional 371 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Comfort Systems USA by 6.6% during the 2nd quarter. Janus Henderson Group PLC now owns 7,122 shares of the construction company’s stock valued at $363,000 after buying an additional 441 shares during the period. Institutional investors own 91.10% of the company’s stock.

FIX stock opened at $45.15 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.67. Comfort Systems USA, Inc. has a 52-week low of $36.27 and a 52-week high of $59.83. The stock’s 50 day moving average is $41.89 and its two-hundred day moving average is $47.15. The company has a market capitalization of $1.63 billion, a PE ratio of 15.05, a P/E/G ratio of 1.65 and a beta of 1.35.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the 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 prior year, the firm earned $0.79 earnings per share. Comfort Systems USA’s revenue for the quarter was up 21.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 2.69 EPS for the current year.

In other Comfort Systems USA news, Chairman Franklin Myers acquired 5,500 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $41.89 per share, for a total transaction of $230,395.00. Following the acquisition, the chairman now directly owns 250,000 shares of the company’s stock, valued at $10,472,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III acquired 2,500 shares of the company’s stock in a transaction on Monday, July 29th. The shares were acquired at an average price of $41.39 per share, for a total transaction of $103,475.00. Following the completion of the acquisition, the chief financial officer now directly owns 55,462 shares in the company, valued at $2,295,572.18. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,500 shares of company stock worth $623,570 over the last 90 days. 3.23% of the stock is owned by company insiders.

FIX has been the topic of several analyst reports. DA Davidson upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and dropped their target price for the company from $57.00 to $52.00 in a report on Monday, July 29th. Zacks Investment Research upgraded Comfort Systems USA from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, ValuEngine upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Comfort Systems USA 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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