Mackenzie Financial Corp Invests $1.86 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Mackenzie Financial Corp acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,381 shares of the construction company's stock, valued at approximately $1,858,000.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Comfort Systems USA by 23.4% during the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company's stock worth $8,919,000 after acquiring an additional 4,331 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Comfort Systems USA by 33.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,294 shares of the construction company's stock worth $3,517,000 after purchasing an additional 2,094 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Comfort Systems USA during the fourth quarter valued at $360,000. Blue Trust Inc. grew its holdings in Comfort Systems USA by 32.5% during the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the construction company's stock valued at $412,000 after purchasing an additional 259 shares during the period. Finally, KBC Group NV increased its position in Comfort Systems USA by 48.7% in the fourth quarter. KBC Group NV now owns 1,491 shares of the construction company's stock worth $632,000 after buying an additional 488 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Activity at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director now directly owns 7,236 shares of the company's stock, valued at $3,155,619.60. This represents a 19.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,800 shares of company stock valued at $14,642,235. Corporate insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a report on Monday, February 24th. Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $525.80.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $1.72 during trading on Monday, hitting $476.51. 325,232 shares of the company's stock were exchanged, compared to its average volume of 438,771. The business's 50-day simple moving average is $395.28 and its 200 day simple moving average is $417.96. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 32.62 and a beta of 1.48. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion during 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%. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 EPS. As a group, equities analysts predict 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. Investors of record on Friday, May 16th were given a dividend of $0.45 per share. This is a positive change 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 0.38%. Comfort Systems USA's dividend payout ratio is currently 10.80%.

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.