Greenspring Advisors LLC Purchases New Position in Comfort Systems USA, Inc. $FIX

Greenspring Advisors LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 299 shares of the construction company’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Marietta Investment Partners LLC raised its holdings in shares of Comfort Systems USA by 11.6% during the 4th quarter. Marietta Investment Partners LLC now owns 3,749 shares of the construction company’s stock valued at $3,499,000 after buying an additional 390 shares during the period. Avestar Capital LLC purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $297,000. CIBC Asset Management Inc boosted its holdings in Comfort Systems USA by 643.6% in the 4th quarter. CIBC Asset Management Inc now owns 8,314 shares of the construction company’s stock worth $7,759,000 after acquiring an additional 7,196 shares during the period. Bridges Investment Management Inc. grew its position in Comfort Systems USA by 4.9% in the fourth quarter. Bridges Investment Management Inc. now owns 6,149 shares of the construction company’s stock valued at $5,739,000 after acquiring an additional 286 shares in the last quarter. Finally, Dynasty Wealth Management LLC grew its position in Comfort Systems USA by 4.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 421 shares of the construction company’s stock valued at $393,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 3.8%

Shares of NYSE:FIX opened at $1,841.59 on Friday. The firm has a market cap of $64.82 billion, a PE ratio of 53.13 and a beta of 1.65. The company has a fifty day simple moving average of $1,735.08 and a 200 day simple moving average of $1,354.40. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 12-month low of $469.16 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company posted $4.75 earnings per share. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is presently 9.23%.

Insider Buying and Selling at Comfort Systems USA

In other news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. DA Davidson raised their price target on shares of 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. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, UBS Group upped their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and an average price target of $1,969.33.

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.