123,032 Shares in Comfort Systems USA, Inc. $FIX Acquired by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 123,032 shares of Comfort Systems USA, valued at approximately $243.8 million, giving it a 0.35% stake. Institutional investors collectively own 96.51% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Buy” and an average price target of $2,082.86. Recent coverage included buy, strong-buy and outperform ratings.
• Comfort Systems USA reported a strong quarter, with EPS of $12.53 beating estimates and revenue rising 50.3% year over year to $3.27 billion. The company also increased its quarterly dividend to $0.90, while insiders sold $30.5 million of shares over the past 90 days.

Caisse de depot et placement du Quebec bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 123,032 shares of the construction company's stock, valued at approximately $243,843,000. Caisse de depot et placement du Quebec owned 0.35% of Comfort Systems USA as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FIX. Jones Financial Companies Lllp purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $26,000. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $28,000. Avalon Trust Co purchased a new stake in Comfort Systems USA in the 2nd quarter valued at about $32,000. Kemnay Advisory Services Inc. purchased a new stake in Comfort Systems USA during the fourth quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after acquiring an additional 7 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. DA Davidson began coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They issued a "buy" rating and a $2,100.00 price target for the company. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an "outperform" rating and a $2,200.00 price objective for the company. Finally, Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $2,082.86.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company's stock, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William George III sold 2,554 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares of the company's stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,754 shares of company stock valued at $30,536,820 over the last 90 days. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA Trading Up 3.6%

NYSE FIX opened at $1,618.93 on Thursday. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 39.82 and a beta of 1.69. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The stock's 50 day moving average price is $1,763.42 and its two-hundred day moving average price is $1,667.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company's quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.53 earnings per share. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is 8.85%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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