Carmignac Gestion Acquires Shares of 134,274 Comfort Systems USA, Inc. $FIX

Key Points

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Carmignac Gestion bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 134,274 shares of the construction company's stock, valued at approximately $43,286,000. Carmignac Gestion owned approximately 0.38% of Comfort Systems USA at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after acquiring an additional 296 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after acquiring an additional 239 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after acquiring an additional 3,644 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after acquiring an additional 1,467 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after acquiring an additional 90 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIX has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group upped their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research note on Friday, July 25th. DA Davidson upped their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $635.60.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded down $4.7380 during trading hours on Friday, hitting $689.2620. The stock had a trading volume of 525,671 shares, compared to its average volume of 470,419. The stock's fifty day simple moving average is $598.23 and its 200 day simple moving average is $466.79. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $733.24. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 35.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the business earned $3.74 earnings per share. Comfort Systems USA's revenue was up 20.1% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider directly owned 188,046 shares of the company's stock, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares in the company, valued at $15,507,156.57. This represents a 16.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,205 shares of company stock worth $20,932,366. Company insiders own 1.59% of the company's stock.

About Comfort Systems USA

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.