Canada Pension Plan Investment Board Invests $65.17 Million in Comfort Systems USA, Inc. $FIX

Canada Pension Plan Investment Board acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,880 shares of the construction company's stock, valued at approximately $65,167,000. Canada Pension Plan Investment Board owned 0.09% of Comfort Systems USA as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FIX. Jones Financial Companies Lllp acquired a new stake in shares of Comfort Systems USA in the second quarter valued at about $26,000. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $28,000. Avalon Trust Co acquired a new position in shares of Comfort Systems USA in the second quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 63.6% in the second 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 last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 2,554 shares of the business's stock in a transaction 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 transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,778 shares of company stock valued at $56,306,777 in the last quarter. 1.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FIX has been the subject of a number of recent analyst reports. Erste Group Bank downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. KeyCorp boosted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an "overweight" rating in a research report on Monday, July 27th. DA Davidson started coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They issued a "buy" rating and a $2,100.00 price objective on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Oppenheimer started coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $2,082.86.

Comfort Systems USA Stock Up 0.0%

Shares of Comfort Systems USA stock opened at $1,616.34 on Friday. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The stock's 50-day moving average is $1,756.32 and its 200 day moving average is $1,670.47. The firm has a market cap of $56.88 billion, a price-to-earnings ratio of 39.75 and a beta of 1.69.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's payout ratio is 8.85%.

About Comfort Systems USA

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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