Trading Report: The BNP Paribas Arbitrage SA cuts its investment of stake in Comfort Systems USA Inc. (FIX)

The BNP Paribas Arbitrage SA cuts its investment of stake in Comfort Systems USA Inc. (FIX)

BNP Paribas Arbitrage SA cut its stake in Comfort Systems USA Inc. (NYSE:FIX) by 49.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,056 shares of the company’s stock after selling 5,945 shares during the period. BNP Paribas Arbitrage SA’s holdings in Comfort Systems USA were worth $178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIX. Paradigm Asset Management Co. LLC purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $101,000. US Bancorp DE increased its position in shares of Comfort Systems USA by 649.6% in the second quarter. US Bancorp DE now owns 3,853 shares of the company’s stock valued at $125,000 after buying an additional 3,339 shares during the period. Advisor Group Inc. purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $136,000. PineBridge Investments L.P. increased its position in shares of Comfort Systems USA by 3.1% in the second quarter. PineBridge Investments L.P. now owns 4,717 shares of the company’s stock valued at $153,000 after buying an additional 144 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Comfort Systems USA by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,233 shares of the company’s stock valued at $170,000 after buying an additional 638 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Shares of Comfort Systems USA Inc. (NYSE:FIX) opened at 28.53 on Friday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 18.54 and a beta of 1.57. The firm has a 50-day moving average of $28.83 and a 200 day moving average of $30.76. Comfort Systems USA Inc. has a 52-week low of $24.22 and a 52-week high of $35.00.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Friday, July 29th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.04. Comfort Systems USA had a net margin of 3.63% and a return on equity of 16.53%. The business earned $427.50 million during the quarter, compared to analysts’ expectations of $447.05 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Analysts predict that Comfort Systems USA Inc. will post $1.72 EPS for the current year.

FIX has been the topic of several recent analyst reports. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, August 12th. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, August 2nd.

In other news, Director Franklin Myers purchased 2,500 shares of the company’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $28.47 per share, with a total value of $71,175.00. Following the completion of the transaction, the director now owns 182,500 shares of the company’s stock, valued at approximately $5,195,775. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $27.34, for a total transaction of $191,380.00. Following the sale, the director now directly owns 23,516 shares in the company, valued at $642,927.44. The disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.

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