Cardinal Point Capital Management ULC Has $4.34 Million Stake in Comfort Systems USA, Inc. $FIX

Cardinal Point Capital Management ULC reduced its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 28.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,145 shares of the construction company’s stock after selling 1,252 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Comfort Systems USA were worth $4,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FIX. Ameriflex Group Inc. lifted its holdings in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at about $28,000. CENTRAL TRUST Co acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $46,000. Brown Lisle Cummings Inc. bought a new stake in shares of Comfort Systems USA during the 1st quarter worth about $47,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Comfort Systems USA in the 4th quarter valued at about $33,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 2.2%

Shares of FIX stock opened at $1,950.12 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $507.57 and a fifty-two week high of $2,073.99. The stock’s fifty day moving average price is $1,854.59 and its two-hundred day moving average price is $1,445.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a market cap of $68.64 billion, a PE ratio of 56.26 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.75 EPS. Equities analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

FIX has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. UBS Group upped their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $1,991.50.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the completion of the transaction, the chief financial officer directly owned 33,804 shares in the company, valued at $65,855,938.68. This represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the sale, the director owned 7,666 shares in the company, valued at $13,282,648.22. This represents a 16.36% 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 over the last 90 days. 1.24% of the stock is owned by corporate insiders.

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.