Copper Rock Capital Partners Lowers stake in Comfort Systems USA (FIX)

Comfort Systems USA (FIX) : Copper Rock Capital Partners reduced its stake in Comfort Systems USA by 0.49% during the most recent quarter end. The investment management company now holds a total of 958,240 shares of Comfort Systems USA which is valued at $31.4 Million after selling 4,699 shares in Comfort Systems USA according to a report filed by the company on Apr 5, 2016 with the SEC.Comfort Systems USA makes up approximately 2.75% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Comfort Systems USA reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.33. The company had revenue of $383.84 million for the quarter, compared to analysts expectations of $387.38 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Comfort Systems USA. Comfort Systems USA was Upgraded by Sidoti to ” Buy” on Jan 8, 2016.

Comfort Systems USA opened for trading at $32.81 and hit $33.33 on the upside on Monday, eventually ending the session at $32.75, with a gain of 0.52% or 0.17 points. The heightened volatility saw the trading volume jump to 2,68,971 shares. Company has a market cap of $1,222 M.

Comfort Systems USA Inc. is a provider of heating ventilation and air conditioning (HVAC) installation maintenance repair and replacement services within the mechanical services industry. It operates in the commercial industrial and institutional HVAC markets and offers services for the industrial healthcare education office technology retail and government facilities. In addition to standard HVAC services the Company provides specialized applications such as building automation control systems fire protection process cooling electronic monitoring and process piping. Its installation business related to newly constructed facilities involves the design engineering integration installation and start-up of HVAC. Its maintenance repair and replacement business also involves the replacement reconfiguration and monitoring of HVAC systems and industrial process piping. Certain locations also provide related activities such as electrical service and plumbing.

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