TD Asset Management Inc Takes Position in Comfort Systems USA, Inc. $FIX

TD Asset Management Inc purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,044 shares of the construction company’s stock, valued at approximately $2,512,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Client Services LLC raised its position in shares of 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 period. Brown Advisory Inc. increased its position in Comfort Systems USA by 2,271.3% in the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after buying an additional 15,831 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Comfort Systems USA by 19.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after buying an additional 2,461 shares during the period. Triasima Portfolio Management inc. bought a new stake in Comfort Systems USA in the third quarter valued at $2,392,000. Finally, Calamos Advisors LLC acquired a new position in shares of Comfort Systems USA during the third quarter valued at $1,527,000. 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 9,365 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the completion of the transaction, the insider owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This trade represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the transaction, the director directly owned 9,166 shares in the company, valued at approximately $13,229,471.12. The trade was a 21.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,001 shares of company stock worth $44,976,027 in the last quarter. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Up 2.8%

Comfort Systems USA stock opened at $1,429.71 on Thursday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00. The stock has a market cap of $50.28 billion, a price-to-earnings ratio of 49.47 and a beta of 1.63. The company’s 50-day moving average price is $1,185.24 and its two-hundred day moving average price is $973.90. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm posted $4.09 earnings per share. The business’s revenue was up 41.7% on a year-over-year basis. On average, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared 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. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is 8.30%.

Wall Street Analyst Weigh In

FIX has been the subject of several recent research reports. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson lifted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, UBS Group reissued a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average 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.