Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)
Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,644 shares of the construction company’s stock, valued at approximately $386,000.
Several other large investors have also recently modified their holdings of the business. Sawgrass Asset Management LLC raised its stake in shares of Comfort Systems USA by 12.8% during the first quarter. Sawgrass Asset Management LLC now owns 2,977 shares of the construction company’s stock valued at $435,000 after acquiring an additional 337 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Comfort Systems USA by 2.0% during the first quarter. Principal Financial Group Inc. now owns 396,042 shares of the construction company’s stock valued at $57,807,000 after acquiring an additional 7,656 shares during the last quarter. Archer Investment Corp bought a new position in shares of Comfort Systems USA during the first quarter valued at $80,000. GW&K Investment Management LLC raised its stake in shares of Comfort Systems USA by 1.1% during the first quarter. GW&K Investment Management LLC now owns 493,979 shares of the construction company’s stock valued at $72,101,000 after acquiring an additional 5,416 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new position in shares of Comfort Systems USA during the first quarter valued at $3,870,000. Institutional investors own 94.51% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Comfort Systems USA in a research report on Thursday, June 1st. They set a “neutral” rating and a $162.00 price objective for the company. DA Davidson increased their price objective on shares of Comfort Systems USA from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, StockNews.com assumed coverage on shares of Comfort Systems USA in a research report on Thursday, August 17th. They set a “buy” rating for the company.
View Our Latest Analysis on FIX
Insiders Place Their Bets
In other Comfort Systems USA news, Director Vance W. Tang sold 1,844 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $182.00, for a total value of $335,608.00. Following the completion of the sale, the director now directly owns 25,058 shares in the company, valued at $4,560,556. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Vance W. Tang sold 1,844 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $182.00, for a total transaction of $335,608.00. Following the completion of the transaction, the director now directly owns 25,058 shares in the company, valued at $4,560,556. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $159.94, for a total transaction of $479,820.00. Following the transaction, the director now owns 22,787 shares of the company’s stock, valued at $3,644,552.78. The disclosure for this sale can be found here. Corporate insiders own 2.48% of the company’s stock.
Comfort Systems USA Trading Up 1.3 %
NYSE:FIX opened at $181.75 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 26.85 and a beta of 1.19. The firm has a fifty day simple moving average of $169.72 and a two-hundred day simple moving average of $151.96. Comfort Systems USA, Inc. has a 12 month low of $95.28 and a 12 month high of $183.04.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.29. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Comfort Systems USA had a net margin of 5.17% and a return on equity of 23.24%. The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. Analysts expect that Comfort Systems USA, Inc. will post 7.51 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Thursday, August 17th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.50%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, August 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 13.29%.
Comfort Systems USA Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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