Strategic Blueprint LLC Takes $1.09 Million Position in Comfort Systems USA, Inc. $FIX

Strategic Blueprint LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, Holdings Channel reports. The firm acquired 1,319 shares of the construction company’s stock, valued at approximately $1,088,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at $256,998,000. AQR Capital Management LLC lifted its holdings in Comfort Systems USA by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after acquiring an additional 252,007 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $114,551,000. Third Point LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $99,199,000. Finally, Symphony Financial Ltd. Co. acquired a new stake in Comfort Systems USA during the second quarter valued at approximately $87,718,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. DA Davidson reissued a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $1,011.75.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the transaction, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. The trade was a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,028 shares of company stock valued at $25,381,151 in the last three months. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $971.77 on Friday. The company has a market capitalization of $34.27 billion, a price-to-earnings ratio of 41.14 and a beta of 1.66. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,050.45. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $959.79 and its 200-day simple moving average is $796.79.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million during the quarter. On average, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were issued a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is 10.16%.

Comfort Systems USA Company Profile

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.