Canada Pension Plan Investment Board Purchases 11,300 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• The Canada Pension Plan Investment Board increased its stake in Comfort Systems USA, Inc. by 55.1%, acquiring an additional 11,300 shares, totaling 31,800 shares valued at approximately $10.25 million.
• Comfort Systems USA recently declared a quarterly dividend of $0.50 per share, reflecting an increase from the previous $0.45, resulting in an annualized yield of 0.3%.
• Several equities analysts raised their price targets for Comfort Systems USA, with UBS Group increasing it from $545.00 to $710.00 and DA Davidson raising it from $630.00 to $810.00, reinforcing a consensus "Buy" rating.

Canada Pension Plan Investment Board increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 55.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 31,800 shares of the construction company's stock after buying an additional 11,300 shares during the quarter. Canada Pension Plan Investment Board owned about 0.09% of Comfort Systems USA worth $10,250,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its holdings in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares during the period. Stone House Investment Management LLC bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $31,000. Versant Capital Management Inc grew its stake in shares of Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

FIX stock traded up $7.69 during midday trading on Monday, hitting $714.00. The company's stock had a trading volume of 49,360 shares, compared to its average volume of 462,558. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $733.24. 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 firm has a market capitalization of $25.19 billion, a price-to-earnings ratio of 36.64 and a beta of 1.54. The company has a 50 day moving average of $638.44 and a two-hundred day moving average of $487.70.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. The business 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 revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.74 EPS. On average, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 14th. 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. Comfort Systems USA's payout ratio is presently 10.28%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several analyst reports. Stifel Nicolaus lifted 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 note on Friday, July 11th. UBS Group lifted their price target on shares of 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 shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Finally, Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $635.60.

Insider Buying and Selling

In other news, COO T Mckenna Trent sold 4,400 shares of the 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 approximately $15,507,156.57. This represents a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the 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 transaction, the insider owned 188,046 shares of the company's stock, valued at $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,283 shares of company stock worth $17,627,965 in the last 90 days. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Company 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.