Man Group plc Has $57.85 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Man Group plc lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 115.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,427 shares of the construction company's stock after purchasing an additional 73,226 shares during the quarter. Man Group plc owned 0.38% of Comfort Systems USA worth $57,853,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after acquiring an additional 67,240 shares in the last quarter. FMR LLC raised its position in Comfort Systems USA by 9.6% during the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after acquiring an additional 148,493 shares in the last quarter. Geode Capital Management LLC raised its position in Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after acquiring an additional 21,406 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA during the fourth quarter worth $217,771,000. Finally, Federated Hermes Inc. raised its position in Comfort Systems USA by 12.4% during the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock worth $198,391,000 after acquiring an additional 51,771 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. Stifel Nicolaus decreased their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a report on Monday, February 24th. StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, DA Davidson upped their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average target price of $517.60.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded up $9.53 on Friday, hitting $472.90. The company had a trading volume of 316,389 shares, compared to its average volume of 439,831. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 32.37 and a beta of 1.48. The stock has a 50 day moving average price of $370.85 and a 200 day moving average price of $415.12. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the company earned $2.69 earnings per share. The company's quarterly revenue was up 19.1% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA's dividend payout ratio is 10.80%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vance W. Tang sold 500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director now owns 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,800 shares of company stock worth $14,642,235. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.