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

Harbor Capital Advisors Inc. grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 22,448 shares of the construction company’s stock after acquiring an additional 125 shares during the period. Harbor Capital Advisors Inc.’s holdings in Comfort Systems USA were worth $9,519,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA in the 3rd quarter valued at about $138,987,000. Millennium Management LLC raised its position in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after buying an additional 283,416 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after buying an additional 173,709 shares during the period. Natixis Advisors LLC boosted its position in Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after acquiring an additional 119,033 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Comfort Systems USA in the 2nd quarter worth approximately $29,743,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company’s stock, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 over the last quarter. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FIX. Stifel Nicolaus began coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective on the stock. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday. UBS Group upped their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Trading Down 3.3 %

Shares of NYSE:FIX traded down $14.73 during trading on Friday, reaching $435.54. 69,776 shares of the stock were exchanged, compared to its average volume of 325,650. The firm’s 50-day moving average price is $456.36 and its 200 day moving average price is $385.11. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 33.32 and a beta of 1.23. Comfort Systems USA, Inc. has a 12-month low of $198.30 and a 12-month high of $510.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 earnings per share. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

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.