Point72 Europe London LLP Acquires Shares of 6,831 Comfort Systems USA, Inc. (NYSE:FIX)

Point72 Europe London LLP acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, HoldingsChannel reports. The fund acquired 6,831 shares of the construction company’s stock, valued at approximately $2,897,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC raised its position in Comfort Systems USA by 23.4% during the third quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock valued at $8,919,000 after acquiring an additional 4,331 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Comfort Systems USA by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,670 shares of the construction company’s stock worth $1,042,000 after purchasing an additional 46 shares in the last quarter. Oak Thistle LLC purchased a new stake in Comfort Systems USA in the 4th quarter worth approximately $621,000. Park Avenue Securities LLC increased its holdings in shares of Comfort Systems USA by 11.2% during the 4th quarter. Park Avenue Securities LLC now owns 3,146 shares of the construction company’s stock valued at $1,334,000 after purchasing an additional 316 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. DA Davidson increased their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $517.60.

Comfort Systems USA Stock Performance

FIX opened at $465.85 on Thursday. The firm’s fifty day simple moving average is $364.89 and its two-hundred day simple moving average is $413.90. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 31.89 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio (DPR) is 10.80%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider now owns 198,046 shares in the company, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William George III sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer now directly owns 47,473 shares of the company’s stock, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock valued at $14,642,235 over the last ninety days. Insiders own 1.59% of the company’s stock.

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.