Strs Ohio Grows Position in Comfort Systems USA, Inc. $FIX

Strs Ohio grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 252.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,933 shares of the construction company’s stock after purchasing an additional 2,101 shares during the period. Strs Ohio’s holdings in Comfort Systems USA were worth $2,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ashton Thomas Securities LLC lifted its stake in shares of Comfort Systems USA by 5.9% in the fourth quarter. Ashton Thomas Securities LLC now owns 325 shares of the construction company’s stock valued at $303,000 after purchasing an additional 18 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in Comfort Systems USA in the fourth quarter valued at about $18,555,000. Horizon Investments LLC increased its holdings in Comfort Systems USA by 21.8% in the fourth quarter. Horizon Investments LLC now owns 16,689 shares of the construction company’s stock valued at $15,576,000 after buying an additional 2,982 shares in the last quarter. Danske Bank A S lifted its position in shares of Comfort Systems USA by 21.5% during the 4th quarter. Danske Bank A S now owns 29,801 shares of the construction company’s stock valued at $27,813,000 after acquiring an additional 5,266 shares during the period. Finally, GenTrust LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter valued at approximately $564,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIX has been the topic of a number of research reports. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. DA Davidson upped their target price 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. UBS Group raised their price target on 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. Finally, Glj Research initiated coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

Insider Activity

In other news, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred on 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 completion of the transaction, the director owned 9,166 shares in the company, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director owned 73,995 shares of the company’s stock, valued at $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,288 shares of company stock worth $57,165,933 in the last ninety days. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,968.68 on Wednesday. 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 capitalization of $69.30 billion, a price-to-earnings ratio of 56.80 and a beta of 1.70. The company’s 50 day simple moving average is $1,507.75 and its 200 day simple moving average is $1,199.25. Comfort Systems USA, Inc. has a 1 year low of $422.53 and a 1 year high of $2,003.65.

Comfort Systems USA (NYSE:FIX) last released its 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 firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the company earned $4.75 EPS. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.08%.

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.