Picton Mahoney Asset Management Purchases 2,697 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Picton Mahoney Asset Management has significantly increased its stake in Comfort Systems USA by 225.7% in the first quarter, now owning 3,892 shares valued at approximately $1.26 million.
• Comfort Systems USA declared a quarterly dividend of $0.50, a raise from the previous $0.45, with an annual yield of 0.28%.
• Analysts have raised price targets for Comfort Systems USA, with DA Davidson increasing its target from $630.00 to $810.00 and multiple firms maintaining a "buy" rating.

Picton Mahoney Asset Management raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 225.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,892 shares of the construction company's stock after acquiring an additional 2,697 shares during the quarter. Picton Mahoney Asset Management's holdings in Comfort Systems USA were worth $1,255,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FIX. GAMMA Investing LLC boosted its position in Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after acquiring an additional 253,677 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock valued at $161,523,000 after acquiring an additional 250,085 shares in the last quarter. Voya Investment Management LLC boosted its position in Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after acquiring an additional 208,283 shares in the last quarter. Bain Capital Public Equity Management II LLC boosted its position in Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock valued at $87,239,000 after acquiring an additional 155,204 shares in the last quarter. Finally, FMR LLC boosted its position in Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after acquiring an additional 148,493 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIX has been the topic of several research reports. UBS Group lifted their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $635.60.

Comfort Systems USA Stock Down 1.0%

FIX traded down $7.06 during trading on Friday, hitting $696.24. 552,387 shares of the company's stock traded hands, compared to its average volume of 406,624. The company's 50 day simple moving average is $537.48 and its two-hundred day simple moving average is $444.42. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 12-month low of $272.92 and a 12-month high of $718.40. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 35.78 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $3.74 EPS. The company's revenue was up 20.1% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director owned 26,535 shares in the company, valued at approximately $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,700 shares of company stock worth $21,638,967. Insiders own 1.59% of the company's stock.

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.