Mountain Pacific Investment Advisers LLC Has $24.94 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mountain Pacific Investment Advisers LLC trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 77,381 shares of the construction company's stock after selling 4,402 shares during the quarter. Comfort Systems USA comprises about 1.9% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 23rd biggest holding. Mountain Pacific Investment Advisers LLC owned approximately 0.22% of Comfort Systems USA worth $24,942,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Empowered Funds LLC acquired a new position in Comfort Systems USA in the fourth quarter valued at about $1,149,000. Van ECK Associates Corp increased its holdings in Comfort Systems USA by 40.1% in the 4th quarter. Van ECK Associates Corp now owns 34,961 shares of the construction company's stock valued at $14,826,000 after buying an additional 9,999 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $8,291,000. V Square Quantitative Management LLC raised its position in shares of Comfort Systems USA by 32.5% in the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock valued at $71,000 after buying an additional 41 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Comfort Systems USA by 5.4% during the 4th quarter. New York State Teachers Retirement System now owns 27,079 shares of the construction company's stock worth $11,483,000 after acquiring an additional 1,385 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $492.60 on Monday. The company's 50 day moving average price is $430.04 and its two-hundred day moving average price is $419.10. The firm has a market capitalization of $17.38 billion, a P/E ratio of 33.72 and a beta of 1.51. 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, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating 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 revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the business posted $2.69 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.37%. 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. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction that occurred 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 owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent analyst reports. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. DA Davidson raised their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Stifel Nicolaus boosted their price target on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $525.80.

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.

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