Mount Lucas Management LP Boosts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mount Lucas Management LP boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 86.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,660 shares of the construction company's stock after purchasing an additional 1,237 shares during the quarter. Mount Lucas Management LP's holdings in Comfort Systems USA were worth $857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FIX. Commonwealth Equity Services LLC increased its holdings in Comfort Systems USA by 41.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,770 shares of the construction company's stock valued at $2,447,000 after purchasing an additional 1,704 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Comfort Systems USA by 14.5% in the fourth quarter. Corient Private Wealth LLC now owns 1,412 shares of the construction company's stock valued at $599,000 after purchasing an additional 179 shares during the last quarter. Virtu Financial LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at about $803,000. American Century Companies Inc. increased its holdings in shares of Comfort Systems USA by 38.9% in the fourth quarter. American Century Companies Inc. now owns 79,039 shares of the construction company's stock worth $33,517,000 after acquiring an additional 22,116 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Comfort Systems USA in the fourth quarter worth about $3,435,000. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded up $126.61 during trading hours on Friday, reaching $689.44. 1,254,076 shares of the stock were exchanged, compared to its average volume of 314,589. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 35.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. Comfort Systems USA, Inc. has a 52 week low of $272.92 and a 52 week high of $699.39. The stock's fifty day simple moving average is $514.64 and its 200 day simple moving average is $435.87.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 40.97% and a net margin of 9.01%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the company posted $3.74 EPS. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be paid a $0.50 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group increased their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday. DA Davidson upped their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Finally, Stifel Nicolaus upped their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $599.60.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the transaction, the director directly owned 7,236 shares of the company's stock, valued at $3,155,619.60. The trade was a 19.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vance W. Tang sold 500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director directly owned 4,998 shares in the company, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock worth $18,696,795 over the last three months. 1.59% of the stock is owned by corporate insiders.

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.