Intech Investment Management LLC Increases Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Intech Investment Management LLC increased its stake in Comfort Systems USA by 21.2% during the first quarter, owning a total of 49,022 shares valued at $15.8 million.
• Comfort Systems USA has seen substantial increases in institutional investment, with several firms boosting their positions significantly, including a remarkable 2,872,410.3% increase by Jones Financial Companies.
• Comfort Systems USA declared a quarterly dividend increase from $0.45 to $0.50 per share, resulting in an annualized yield of 0.3%.

Intech Investment Management LLC increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 21.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,022 shares of the construction company's stock after purchasing an additional 8,569 shares during the period. Intech Investment Management LLC owned approximately 0.14% of Comfort Systems USA worth $15,801,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its stake in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC acquired a new stake in Comfort Systems USA during the first quarter worth approximately $31,000. Versant Capital Management Inc grew its stake in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after purchasing an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares during the period. Finally, Brooklyn Investment Group grew its stake in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. William Blair assumed coverage on Comfort Systems USA in a research note on Thursday. They issued an "outperform" rating for the company. DA Davidson raised their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus raised their target price on 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 Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $635.60.

Insiders Place Their Bets

In other news, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 16,023 shares in the company, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares of the company's stock, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $10.70 during mid-day trading on Friday, reaching $754.21. 301,656 shares of the company's stock were exchanged, compared to its average volume of 373,101. The business's fifty day simple moving average is $659.03 and its 200 day simple moving average is $498.97. The firm has a market capitalization of $26.61 billion, a PE ratio of 38.76 and a beta of 1.54. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $772.22. 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 released its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $3.74 earnings per share. The business's revenue for the quarter was up 20.1% on a year-over-year basis. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a $0.50 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

About Comfort Systems USA

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.