Comfort Systems USA, Inc. $FIX Stock Holdings Lowered by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 15.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,556 shares of the construction company’s stock after selling 1,184 shares during the period. Comfort Systems USA makes up 1.5% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 20th biggest position. Mountain Pacific Investment Advisers LLC’s holdings in Comfort Systems USA were worth $9,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $469,606,000. State Street Corp raised its holdings in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after buying an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after buying an additional 309,217 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Insider Activity at Comfort Systems USA

In other news, Director William J. Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. This trade represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,078 shares of company stock worth $46,651,175 in the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Up 0.2%

Shares of NYSE:FIX opened at $1,971.17 on Monday. The company has a 50 day moving average of $1,831.99 and a 200-day moving average of $1,424.09. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a market cap of $69.39 billion, a P/E ratio of 56.87 and a beta of 1.66. Comfort Systems USA, Inc. has a twelve month low of $489.98 and a twelve month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.39 billion. During the same quarter last year, the business earned $4.75 earnings per share. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Erste Group Bank initiated coverage on Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating on the stock. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a research report on Friday, April 24th. Oppenheimer started coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,991.50.

Comfort Systems USA 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.