Comfort Systems USA, Inc. $FIX Position Increased by Ethic Inc.

Key Points

• Ethic Inc. has increased its stake in Comfort Systems USA by 62.7%, owning 2,524 shares worth approximately $833,000 after purchasing an additional 973 shares in the first quarter.
• Comfort Systems USA recently declared a quarterly dividend of $0.50 per share, marking an increase from the previous dividend of $0.45, with an annualized yield of 0.3%.
• The company reported impressive quarterly earnings, with an EPS of $6.53, exceeding analysts' expectations, and a year-over-year revenue increase of 20.1%.

Ethic Inc. boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 62.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,524 shares of the construction company's stock after purchasing an additional 973 shares during the period. Ethic Inc.'s holdings in Comfort Systems USA were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FIX. Vanguard Group Inc. grew its position in shares of Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock worth $1,225,673,000 after buying an additional 21,847 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in Comfort Systems USA by 0.5% during the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock valued at $286,757,000 after acquiring an additional 4,512 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Comfort Systems USA by 36.4% during the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock worth $167,430,000 after acquiring an additional 138,541 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Comfort Systems USA by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 388,638 shares of the construction company's stock worth $125,253,000 after acquiring an additional 20,854 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Comfort Systems USA by 20.1% in the 4th quarter. Northern Trust Corp now owns 314,821 shares of the construction company's stock worth $133,503,000 after purchasing an additional 52,726 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 10,000 shares of the business'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 transaction of $6,917,400.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 8,436 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares of the company's stock, valued at $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,205 shares of company stock valued at $20,932,366. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

FIX stock traded down $4.7380 during trading on Friday, reaching $689.2620. 525,671 shares of the company's stock were exchanged, compared to its average volume of 467,026. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $733.24. The firm has a market cap of $24.32 billion, a PE ratio of 35.42 and a beta of 1.49. The company's fifty day moving average price is $598.23 and its 200-day moving average price is $466.79. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.74 earnings per share. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's payout ratio is 10.28%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FIX shares. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday. DA Davidson increased their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus lifted their price target 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. 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. Finally, UBS Group raised their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $635.60.

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.