384 Shares in Comfort Systems USA, Inc. $FIX Bought by Vision Retirement LLC

Vision Retirement LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 384 shares of the construction company’s stock, valued at approximately $530,000.

Several other institutional investors also recently bought and sold shares of FIX. Swiss National Bank boosted its stake in shares of Comfort Systems USA by 7.0% during the 1st quarter. Swiss National Bank now owns 103,480 shares of the construction company’s stock worth $142,698,000 after acquiring an additional 6,800 shares in the last quarter. World Equity Group Inc. raised its stake in shares of Comfort Systems USA by 11.3% in the 1st quarter. World Equity Group Inc. now owns 481 shares of the construction company’s stock valued at $663,000 after acquiring an additional 49 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in shares of Comfort Systems USA by 12.5% in the 1st quarter. Mediolanum International Funds Ltd now owns 15,985 shares of the construction company’s stock valued at $20,352,000 after acquiring an additional 1,773 shares in the last quarter. Ascent Wealth Partners LLC acquired a new stake in Comfort Systems USA in the 1st quarter worth approximately $2,068,000. Finally, Jennison Associates LLC lifted its holdings in Comfort Systems USA by 1,311.1% in the 1st quarter. Jennison Associates LLC now owns 29,887 shares of the construction company’s stock worth $41,213,000 after purchasing an additional 27,769 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on FIX. UBS Group increased their price target 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. Glj Research began coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,015.43.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,667.28 on Friday. The stock has a 50-day simple moving average of $1,861.34 and a 200 day simple moving average of $1,540.19. Comfort Systems USA, Inc. has a twelve month low of $513.99 and a twelve month high of $2,073.99. The stock has a market capitalization of $58.69 billion, a PE ratio of 48.10 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a $0.80 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 in the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

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.