NorthCrest Asset Manangement LLC Has $1.29 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

NorthCrest Asset Manangement LLC lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 61.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,585 shares of the construction company’s stock after purchasing an additional 606 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Comfort Systems USA were worth $1,294,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its position in Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after buying an additional 46,773 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after acquiring an additional 3,032 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 47.5% in the second 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. JPMorgan Chase & Co. boosted its holdings in shares of Comfort Systems USA by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after acquiring an additional 17,469 shares in the last quarter. Finally, Norges Bank bought a new stake in Comfort Systems USA during the 2nd quarter worth approximately $256,998,000. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on FIX. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson reiterated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,011.75.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction on Monday, November 24th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares in the company, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,136.60 on Wednesday. The business’s 50-day simple moving average is $978.11 and its 200 day simple moving average is $831.92. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock has a market cap of $40.09 billion, a price-to-earnings ratio of 48.12 and a beta of 1.66. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,147.03.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.15 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company’s revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.09 EPS. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were issued a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

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.