Comfort Systems USA, Inc. $FIX is Mountain Pacific Investment Advisers LLC's 10th Largest Position

Key Points

• Mountain Pacific Investment Advisers LLC has reduced its stake in Comfort Systems USA, Inc. by 0.5% but remains its 10th largest position, now holding 76,960 shares valued at approximately $41.27 million.
• Comfort Systems USA reported earnings of $6.53 per share for the last quarter, significantly exceeding analyst expectations of $4.84, while revenues also surpassed forecasts at $2.17 billion.
• The company recently raised its quarterly dividend from $0.45 to $0.50 per share, indicating a robust dividend payout ratio of 10.28% and an annualized dividend yield of 0.2%.

Mountain Pacific Investment Advisers LLC decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,960 shares of the construction company's stock after selling 421 shares during the period. Comfort Systems USA comprises 3.0% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 10th largest holding. Mountain Pacific Investment Advisers LLC owned about 0.22% of Comfort Systems USA worth $41,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Comfort Systems USA by 42.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,731 shares of the construction company's stock worth $1,582,000 after buying an additional 1,107 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares during the period. Parallel Advisors LLC lifted its holdings in Comfort Systems USA by 14.2% in the first quarter. Parallel Advisors LLC now owns 450 shares of the construction company's stock valued at $145,000 after acquiring an additional 56 shares during the period. Merit Financial Group LLC boosted its position in Comfort Systems USA by 144.9% in the first quarter. Merit Financial Group LLC now owns 2,642 shares of the construction company's stock worth $852,000 after purchasing an additional 1,563 shares during the last quarter. Finally, RFG Advisory LLC grew its stake in shares of Comfort Systems USA by 14.6% during the 1st quarter. RFG Advisory LLC now owns 7,707 shares of the construction company's stock valued at $2,484,000 after purchasing an additional 982 shares during the period. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

FIX opened at $834.93 on Thursday. The company has a 50 day simple moving average of $725.96 and a two-hundred day simple moving average of $540.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market cap of $29.46 billion, a P/E ratio of 42.90 and a beta of 1.58. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $843.80.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating 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 company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the company earned $3.74 EPS. Comfort Systems USA's revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm 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 is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FIX. Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group increased their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average price target of $668.60.

Insider Activity at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,369 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the transaction, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares of the company's stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last three months. Corporate insiders own 1.59% of the company's stock.

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.

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