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

Mackenzie Financial Corp bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,381 shares of the construction company's stock, valued at approximately $1,858,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Private Trust Co. NA raised its stake in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Trust Point Inc. increased its stake in Comfort Systems USA by 1.8% during the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock valued at $775,000 after buying an additional 32 shares during the period. Savant Capital LLC raised its position in shares of Comfort Systems USA by 0.8% during the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after buying an additional 33 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Comfort Systems USA by 1.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after acquiring an additional 40 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Comfort Systems USA by 32.5% in the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock valued at $71,000 after acquiring an additional 41 shares in 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 other Comfort Systems USA news, CFO William George III sold 12,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer now directly owns 47,473 shares of the company's stock, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider now owns 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their position. 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. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Price Performance

Comfort Systems USA stock traded up $1.84 during mid-day trading on Wednesday, hitting $498.62. The company's stock had a trading volume of 271,282 shares, compared to its average volume of 436,864. The stock has a market capitalization of $17.59 billion, a P/E ratio of 34.13 and a beta of 1.48. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The stock's fifty day moving average price is $404.69 and its two-hundred day moving average price is $419.28. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company's quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 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.