Van ECK Associates Corp purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,163 shares of the construction company’s stock, valued at approximately $134,000.
Other large investors have also added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Comfort Systems USA by 1.2% in the 4th quarter. Swiss National Bank now owns 86,300 shares of the construction company’s stock worth $9,931,000 after purchasing an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Comfort Systems USA by 39.6% in the fourth quarter. Russell Investments Group Ltd. now owns 16,481 shares of the construction company’s stock worth $1,897,000 after purchasing an additional 4,673 shares in the last quarter. Arizona State Retirement System grew its stake in Comfort Systems USA by 3.2% in the fourth quarter. Arizona State Retirement System now owns 10,095 shares of the construction company’s stock worth $1,162,000 after purchasing an additional 317 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Comfort Systems USA in the fourth quarter worth about $30,000. Finally, LPL Financial LLC grew its stake in Comfort Systems USA by 43.0% in the fourth quarter. LPL Financial LLC now owns 9,951 shares of the construction company’s stock worth $1,145,000 after purchasing an additional 2,990 shares in the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Comfort Systems USA
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the completion of the transaction, the director now directly owns 24,722 shares in the company, valued at $3,535,987.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Vance W. Tang sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $147.00, for a total transaction of $367,500.00. Following the sale, the director now owns 26,297 shares of the company’s stock, valued at $3,865,659. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $143.03, for a total value of $429,090.00. Following the sale, the director now directly owns 24,722 shares in the company, valued at approximately $3,535,987.66. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. StockNews.com assumed coverage on Comfort Systems USA in a research note on Thursday. They issued a “buy” rating for the company. DA Davidson lifted their price target on Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 24th.
Comfort Systems USA Stock Performance
Shares of FIX stock opened at $154.03 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $140.77 and a two-hundred day moving average of $129.57. Comfort Systems USA, Inc. has a 52 week low of $74.14 and a 52 week high of $154.48. The company has a market cap of $5.51 billion, a P/E ratio of 25.63 and a beta of 1.21.
Comfort Systems USA (NYSE:FIX – Get Rating) last issued its earnings results on Wednesday, April 26th. The construction company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.44. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.10 billion. Comfort Systems USA had a return on equity of 21.72% and a net margin of 4.89%. Comfort Systems USA’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 6.79 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 29th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 17th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Comfort Systems USA’s payout ratio is currently 11.65%.
Comfort Systems USA Profile
Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.
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