American Century Companies Inc. Boosts Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• American Century Companies Inc. increased its stake in Comfort Systems USA, Inc. by 7.6% during the first quarter, owning approximately 0.24% of the company's stock valued at $27.4 million.
• Insider transactions included Director Darcy Anderson selling 8,000 shares for about $4.05 million, reducing their ownership by 23.16%.
• Comfort Systems USA announced a quarterly dividend increase to $0.50 per share, with a 0.3% yield, up from the previous $0.45.

American Century Companies Inc. lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,054 shares of the construction company's stock after purchasing an additional 6,015 shares during the period. American Century Companies Inc. owned about 0.24% of Comfort Systems USA worth $27,415,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC lifted its position in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 valued at $34,000 after buying an additional 37 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 valued at $57,000 after buying an additional 42 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Comfort Systems USA by 36.8% in the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after buying an additional 43 shares during the last quarter. Finally, PFG Advisors raised its holdings in shares of Comfort Systems USA by 7.2% in the first quarter. PFG Advisors now owns 668 shares of the construction company's stock valued at $215,000 after buying an additional 45 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded up $5.65 on Wednesday, hitting $713.04. The company's stock had a trading volume of 210,283 shares, compared to its average volume of 466,962. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $733.24. The stock has a 50 day moving average of $606.28 and a 200-day moving average of $470.19. The company has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm 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. As a group, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus upped their target price 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. DA Davidson upped their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, UBS Group upped their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $635.60.

Insider Activity

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,283 shares of company stock valued at $21,682,525 in the last 90 days. 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.