Sherbrooke Park Advisers LLC Takes $420,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Sherbrooke Park Advisers LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, HoldingsChannel reports. The fund acquired 990 shares of the construction company’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Comfort Systems USA by 71.2% in the 4th quarter. Royal Bank of Canada now owns 47,507 shares of the construction company’s stock valued at $20,146,000 after buying an additional 19,753 shares during the period. Point72 Europe London LLP acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $2,897,000. Polar Asset Management Partners Inc. purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at about $1,696,000. ProShare Advisors LLC increased its stake in shares of Comfort Systems USA by 7.0% in the 4th quarter. ProShare Advisors LLC now owns 1,659 shares of the construction company’s stock valued at $704,000 after purchasing an additional 108 shares in the last quarter. Finally, Man Group plc increased its stake in shares of Comfort Systems USA by 115.9% in the 4th quarter. Man Group plc now owns 136,427 shares of the construction company’s stock valued at $57,853,000 after purchasing an additional 73,226 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vance W. Tang sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,800 shares of company stock worth $14,642,235. Corporate insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Price Performance

NYSE:FIX opened at $472.90 on Friday. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The stock has a 50 day moving average of $370.85 and a two-hundred day moving average of $415.12. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $16.68 billion, a P/E ratio of 32.37 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $2.69 EPS. Comfort Systems USA’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.38%. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s payout ratio is 10.80%.

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.