Legato Capital Management LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 375 shares of the construction company’s stock, valued at approximately $350,000.
Several other large investors have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. boosted its stake in Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the period. JFS Wealth Advisors LLC boosted its stake in Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the period. West Michigan Advisors LLC boosted its stake in Comfort Systems USA by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock worth $717,000 after purchasing an additional 10 shares during the period. EWA LLC boosted its stake in Comfort Systems USA by 2.7% in the 4th quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after purchasing an additional 10 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its stake in Comfort Systems USA by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock worth $264,000 after purchasing an additional 11 shares during the period. Institutional investors own 96.51% of the company’s stock.
Analysts Set New Price Targets
FIX has been the subject of several analyst reports. DA Davidson raised their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Glj Research assumed coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target on the stock. UBS Group raised their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Stifel Nicolaus raised their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $1,923.20.
Insider Buying and Selling
In related news, Director Pablo G. Mercado sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total value of $889,890.00. Following the completion of the sale, the director owned 3,000 shares in the company, valued at $5,339,340. The trade was a 14.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the sale, the director owned 68,983 shares of the company’s stock, valued at $131,244,986.31. The trade was a 6.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,352 shares of company stock worth $53,724,598 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.
Comfort Systems USA Stock Performance
NYSE:FIX opened at $1,869.66 on Thursday. The business’s 50-day moving average price is $1,675.65 and its two-hundred day moving average price is $1,312.47. Comfort Systems USA, Inc. has a twelve month low of $465.05 and a twelve month high of $2,073.99. The stock has a market cap of $65.81 billion, a P/E ratio of 53.94 and a beta of 1.70. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the firm posted $4.75 EPS. The company’s revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is presently 9.23%.
About Comfort Systems USA
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.
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