Harbor Capital Advisors Inc. Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Harbor Capital Advisors Inc. boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 96.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 44,046 shares of the construction company’s stock after buying an additional 21,598 shares during the period. Comfort Systems USA makes up approximately 0.6% of Harbor Capital Advisors Inc.’s holdings, making the stock its 18th largest holding. Harbor Capital Advisors Inc. owned approximately 0.12% of Comfort Systems USA worth $14,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIX. Sumitomo Mitsui Trust Group Inc. increased its stake in Comfort Systems USA by 15.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,260 shares of the construction company’s stock worth $958,000 after purchasing an additional 300 shares during the period. Empowered Funds LLC purchased a new stake in Comfort Systems USA in the fourth quarter worth $1,149,000. Entropy Technologies LP increased its stake in Comfort Systems USA by 26.3% in the fourth quarter. Entropy Technologies LP now owns 4,801 shares of the construction company’s stock worth $2,036,000 after purchasing an additional 1,000 shares during the period. Kestra Private Wealth Services LLC increased its stake in Comfort Systems USA by 2.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,826 shares of the construction company’s stock worth $774,000 after purchasing an additional 43 shares during the period. Finally, Savant Capital LLC increased its stake in Comfort Systems USA by 0.8% in the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock worth $1,739,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director now owns 4,998 shares in the company, valued at approximately $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director now owns 26,535 shares in the company, valued at $13,448,468.70. The trade was a 23.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 over the last quarter. Insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their target price on Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Finally, Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average price target of $525.80.

Comfort Systems USA Stock Performance

FIX stock opened at $502.83 on Tuesday. The business has a 50-day moving average price of $415.11 and a 200 day moving average price of $419.07. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market capitalization of $17.74 billion, a P/E ratio of 34.42 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 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 27th. Shareholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s payout ratio is 10.80%.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.