Point72 Europe London LLP Purchases New Shares in Comfort Systems USA, Inc. (NYSE:FIX)

Point72 Europe London LLP purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,831 shares of the construction company's stock, valued at approximately $2,897,000.

A number of other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after buying an additional 77 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after purchasing an additional 55 shares during the last quarter. Colonial Trust Co SC increased its stake in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after purchasing an additional 31 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its stake in shares of Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. Stifel Nicolaus dropped their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, DA Davidson upped their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $517.60.

Comfort Systems USA Price Performance

FIX traded up $9.53 during midday trading on Friday, hitting $472.90. The company had a trading volume of 316,389 shares, compared to its average volume of 439,831. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market capitalization of $16.68 billion, a PE ratio of 32.37 and a beta of 1.48. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The firm's 50-day simple moving average is $370.85 and its 200-day simple moving average is $415.12.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the company earned $2.69 EPS. Comfort Systems USA's revenue was up 19.1% on a year-over-year basis. Equities research analysts predict 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, May 27th. Investors of record on Friday, May 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.38%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is currently 10.80%.

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.