Vanguard Group Inc. grew its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,802,542 shares of the construction company's stock after acquiring an additional 21,847 shares during the quarter. Vanguard Group Inc. owned about 10.78% of Comfort Systems USA worth $1,225,673,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in FIX. GAMMA Investing LLC boosted its position in shares of Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after purchasing an additional 253,677 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Comfort Systems USA by 824.2% in the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after purchasing an additional 208,283 shares in the last quarter. Bain Capital Public Equity Management II LLC boosted its position in shares of Comfort Systems USA by 307.2% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after purchasing an additional 155,204 shares in the last quarter. Artemis Investment Management LLP boosted its position in shares of Comfort Systems USA by 147.4% in the 1st quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock worth $80,015,000 after purchasing an additional 147,885 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Comfort Systems USA by 289.0% in the 1st quarter. Victory Capital Management Inc. now owns 172,571 shares of the construction company's stock worth $55,625,000 after purchasing an additional 128,209 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Comfort Systems USA Stock Performance
Shares of NYSE FIX traded down $5.70 during trading on Friday, reaching $684.16. 101,586 shares of the company traded hands, compared to its average volume of 471,246. 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 $276.44 and a 12-month high of $733.24. The firm's fifty day simple moving average is $575.61 and its 200 day simple moving average is $456.06. The stock has a market cap of $24.14 billion, a P/E ratio of 35.16 and a beta of 1.49.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.74 EPS. As a group, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is currently 9.25%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on FIX shares. DA Davidson raised their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. UBS Group lifted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Stifel Nicolaus lifted their price target 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. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of "Moderate Buy" and an average price target of $635.60.
Check Out Our Latest Stock Report on FIX
Insider Buying and Selling
In other news, COO T Mckenna Trent sold 4,400 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider owned 188,046 shares of the company's stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,205 shares of company stock worth $20,932,366 in the last ninety days. 1.59% of the stock is owned by corporate insiders.
About Comfort Systems USA
(
Free Report)
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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