Virtus Investment Advisers Inc. increased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 99.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,086 shares of the construction company's stock after acquiring an additional 2,037 shares during the quarter. Comfort Systems USA comprises about 1.4% of Virtus Investment Advisers Inc.'s holdings, making the stock its 6th biggest holding. Virtus Investment Advisers Inc.'s holdings in Comfort Systems USA were worth $1,733,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of FIX. Proficio Capital Partners LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $217,771,000. Norges Bank bought a new stake in Comfort Systems USA during the fourth quarter valued at approximately $196,154,000. JPMorgan Chase & Co. lifted its holdings in shares of Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after acquiring an additional 250,085 shares during the last quarter. Voya Investment Management LLC lifted its holdings 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 acquiring an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC lifted its holdings 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 acquiring an additional 155,204 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.
Comfort Systems USA Trading Up 1.9%
Comfort Systems USA stock traded up $8.96 during mid-day trading on Friday, reaching $471.20. 261,759 shares of the company traded hands, compared to its average volume of 438,604. 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 52-week low of $272.93 and a 52-week high of $553.09. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 32.25 and a beta of 1.48. The firm's 50 day moving average price is $383.89 and its 200 day moving average price is $417.49.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the business earned $2.69 EPS. The company's revenue for the quarter was up 19.1% on a year-over-year basis. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.38%. Comfort Systems USA's dividend payout ratio is 10.80%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research note on Friday. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and a consensus price target of $525.80.
Get Our Latest Stock Analysis on Comfort Systems USA
Insiders Place Their Bets
In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director now owns 4,998 shares of the company's stock, valued at approximately $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is currently owned by corporate insiders.
Comfort Systems USA Profile
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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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