OMERS ADMINISTRATION Corp lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 22.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,552 shares of the construction company’s stock after buying an additional 474 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Comfort Systems USA were worth $3,519,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new position in Comfort Systems USA in the 4th quarter valued at $28,000. CENTRAL TRUST Co bought a new stake in shares of Comfort Systems USA during the first quarter worth $46,000. Ascentis Independent Advisors bought a new stake in shares of Comfort Systems USA during the first quarter worth $46,000. Brown Lisle Cummings Inc. purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $47,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $48,000. 96.51% of the stock is owned by institutional investors.
Insider Transactions at Comfort Systems USA
In related news, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. This trade represents a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 30,778 shares of company stock worth $59,746,124. Insiders own 1.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on FIX
Comfort Systems USA Stock Performance
Shares of Comfort Systems USA stock opened at $1,728.50 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $1,833.30 and its 200-day moving average price is $1,577.34. The firm has a market cap of $60.83 billion, a P/E ratio of 42.51 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $6.53 earnings per share. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a $0.90 dividend. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is presently 7.87%.
Comfort Systems USA Company 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.
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