Russell Investments Group Ltd. Has $87.42 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Russell Investments cut its stake in Comfort Systems USA by 15.7% to 105,999 shares worth about $87.42 million, leaving institutional investors holding roughly 96.51% of the company.
• Comfort Systems posted strong quarterly results — EPS $9.37 vs. $6.75 expected and revenue of $2.65B (up 41.7% YoY) — and the stock carries a consensus "Buy" rating with a $1,573.67 price target.
• The company raised its quarterly dividend to $0.70 (annualized $2.80, ~0.2% yield), while insiders sold about 37,288 shares (~$53.7M) in the last quarter, including the CFO’s sale of 9,000 shares.

Russell Investments Group Ltd. decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 105,999 shares of the construction company's stock after selling 19,730 shares during the period. Russell Investments Group Ltd. owned 0.30% of Comfort Systems USA worth $87,415,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Client Services LLC lifted its holdings in Comfort Systems USA by 624.4% during the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company's stock worth $2,254,000 after purchasing an additional 2,354 shares during the last quarter. Brown Advisory Inc. grew its holdings in Comfort Systems USA by 2,271.3% in the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company's stock valued at $8,863,000 after buying an additional 15,831 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company's stock valued at $12,474,000 after buying an additional 2,461 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in Comfort Systems USA during the 3rd quarter worth $2,392,000. Finally, Calamos Advisors LLC bought a new position in Comfort Systems USA during the 3rd quarter worth $1,527,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,371.04 on Tuesday. The stock has a fifty day moving average price of $1,207.73 and a 200-day moving average price of $989.49. The company has a market cap of $48.22 billion, a price-to-earnings ratio of 47.44 and a beta of 1.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.Comfort Systems USA's quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.09 EPS. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 6th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA's dividend payout ratio is currently 9.69%.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 9,000 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the transaction, the chief financial officer directly owned 37,824 shares in the company, valued at approximately $54,276,305.28. The trade was a 19.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the sale, the director directly owned 9,166 shares of the company's stock, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,288 shares of company stock worth $53,677,038. Corporate insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 3rd. Finally, Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and a consensus price target of $1,573.67.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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