Panagora Asset Management Inc. Raises Stock Holdings in Comfort Systems USA, Inc. $FIX

Panagora Asset Management Inc. lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,315 shares of the construction company’s stock after buying an additional 2,892 shares during the quarter. Panagora Asset Management Inc.’s holdings in Comfort Systems USA were worth $32,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Farmers & Merchants Investments Inc. grew its stake in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Comfort Systems USA by 3.0% in the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $291,000 after purchasing an additional 9 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares in the last quarter. West Michigan Advisors LLC grew its stake in Comfort Systems USA by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock worth $717,000 after purchasing an additional 10 shares in the last quarter. Finally, EWA LLC grew its stake in Comfort Systems USA by 2.7% in the fourth quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after purchasing an additional 10 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 3.9%

Shares of NYSE FIX opened at $1,951.63 on Tuesday. 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 stock has a market capitalization of $68.70 billion, a PE ratio of 56.31 and a beta of 1.66. The stock’s fifty day simple moving average is $1,792.15 and its two-hundred day simple moving average is $1,396.52. Comfort Systems USA, Inc. has a 12-month low of $489.98 and a 12-month high of $2,073.99.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given 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 yield of 0.2%. Comfort Systems USA’s payout ratio is 9.23%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FIX. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research note on Friday, April 24th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Finally, Glj Research began coverage on Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. One 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $1,991.50.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the transaction, the director owned 68,983 shares in the company, valued at $131,244,986.31. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is owned by corporate insiders.

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.