Harbor Capital Advisors Inc. grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 96.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,046 shares of the construction company's stock after acquiring an additional 21,598 shares during the quarter. Comfort Systems USA accounts for approximately 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 18th biggest position. Harbor Capital Advisors Inc. owned about 0.12% of Comfort Systems USA worth $14,197,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of FIX. Versant Capital Management Inc lifted its position 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 worth $32,000 after buying an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after buying an additional 77 shares during the period. Colonial Trust Co SC increased its position in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares in the last quarter. Rothschild Investment LLC increased its stake in Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after purchasing an additional 62 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 96.51% of the company's stock.
Comfort Systems USA Trading Down 1.7%
FIX stock traded down $8.65 during mid-day trading on Friday, reaching $492.60. 335,630 shares of the stock traded hands, compared to its average volume of 437,161. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The stock has a market capitalization of $17.38 billion, a PE ratio of 33.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The business has a 50-day moving average price of $426.43 and a two-hundred day moving average price of $420.12.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Comfort Systems USA's quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. Equities research 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.45 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.37%. Comfort Systems USA's dividend payout ratio is presently 10.80%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on FIX. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Stifel Nicolaus raised their target price on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $525.80.
Get Our Latest Stock Analysis on Comfort Systems USA
Insiders Place Their Bets
In related news, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now owns 47,473 shares of the company's stock, valued at $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,800 shares of company stock worth $18,696,795. Company insiders own 1.59% of the company's stock.
Comfort Systems USA Profile
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Free Report)
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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