Vestcor Inc raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 47.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,234 shares of the construction company’s stock after acquiring an additional 714 shares during the quarter. Vestcor Inc’s holdings in Comfort Systems USA were worth $2,085,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. increased its stake in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after acquiring an additional 15 shares during the period. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at about $28,000. Farmers & Merchants Investments Inc. increased its stake in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the period. JFS Wealth Advisors LLC increased its stake in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the period. Finally, ORG Partners LLC increased its stake in Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 17 shares during the period. Institutional investors own 96.51% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Glj Research assumed coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research note on Friday, April 24th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,969.33.
Insider Transactions at Comfort Systems USA
In other news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares of the company’s stock, valued at $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,078 shares of company stock valued at $46,651,175. Corporate insiders own 1.24% of the company’s stock.
Comfort Systems USA Price Performance
Shares of FIX stock opened at $1,841.59 on Monday. Comfort Systems USA, Inc. has a 1 year low of $469.16 and a 1 year high of $2,073.99. The firm’s 50 day moving average is $1,735.08 and its 200-day moving average is $1,357.46. The firm has a market capitalization of $64.82 billion, a price-to-earnings ratio of 53.13 and a beta of 1.66. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.75 earnings per share. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 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. Shareholders of record on Friday, May 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.
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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