Polen Capital Management LLC Invests $376,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Polen Capital Management LLC has acquired a new stake in Comfort Systems USA, Inc. valued at approximately $376,000, adding 1,166 shares during the first quarter.
• Multiple large investors have increased their holdings in Comfort Systems USA, with JPMorgan Chase & Co. reporting a significant 36.4% increase in shares.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50 per share, representing an annualized dividend of $2.00 with a yield of 0.3%.

Polen Capital Management LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,166 shares of the construction company's stock, valued at approximately $376,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sierra Summit Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at approximately $581,000. JPMorgan Chase & Co. grew its holdings in Comfort Systems USA by 36.4% during the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock worth $167,430,000 after acquiring an additional 138,541 shares in the last quarter. Cynosure Group LLC boosted its holdings in shares of Comfort Systems USA by 45.9% in the 1st quarter. Cynosure Group LLC now owns 1,998 shares of the construction company's stock valued at $644,000 after buying an additional 629 shares in the last quarter. Townsquare Capital LLC boosted its stake in Comfort Systems USA by 1.8% during the 1st quarter. Townsquare Capital LLC now owns 16,696 shares of the construction company's stock worth $5,382,000 after purchasing an additional 289 shares during the period. Finally, Locust Wood Capital Advisers LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth $687,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. UBS Group raised their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $635.60.

Insider Buying and Selling

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares in the company, valued at $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darcy Anderson sold 8,000 shares of the firm's 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 completion of the sale, the director owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,205 shares of company stock valued at $20,932,366 in the last ninety days. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

NYSE FIX traded down $9.54 on Thursday, reaching $692.57. The company's stock had a trading volume of 219,506 shares, compared to its average volume of 472,395. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $733.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a market cap of $24.43 billion, a PE ratio of 35.58 and a beta of 1.49. The firm's 50 day moving average is $571.84 and its two-hundred day moving average is $454.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a $0.50 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.25%.

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.