Fiera Capital Corp Invests $1.85 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Fiera Capital Corp acquired 5,725 shares of Comfort Systems USA in Q1, valued at approximately $1.845 million, reflecting significant institutional interest in the company.
• Comfort Systems USA reported a 20.1% year-over-year increase in revenue, with earnings per share of $6.53, exceeding the consensus estimate of $4.84.
• The company announced a quarterly dividend increase to $0.50, up from $0.45, signaling confidence in financial stability amid growth.

Fiera Capital Corp purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,725 shares of the construction company's stock, valued at approximately $1,845,000.

A number of other institutional investors also recently bought and sold shares of the stock. Tradewinds Capital Management LLC lifted its position in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Comfort Systems USA by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after purchasing an additional 42 shares during the period. Rakuten Securities Inc. increased its stake in Comfort Systems USA by 36.8% in the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock worth $52,000 after purchasing an additional 43 shares during the period. Finally, PFG Advisors increased its stake in Comfort Systems USA by 7.2% in the first quarter. PFG Advisors now owns 668 shares of the construction company's stock worth $215,000 after purchasing an additional 45 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider owned 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,700 shares of company stock valued at $21,638,967. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Stock Down 1.0%

Shares of FIX stock traded down $7.06 on Friday, hitting $696.24. The stock had a trading volume of 552,387 shares, compared to its average volume of 479,551. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $532.98 and a 200 day moving average price of $442.84. The company has a market cap of $24.56 billion, a PE ratio of 35.78 and a beta of 1.51. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $718.40.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.74 earnings per share. Research 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 disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's dividend payout ratio is currently 9.25%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIX. Stifel Nicolaus increased their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group increased their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $635.60.

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.