PharVision Advisers LLC Acquires Shares of 786 Comfort Systems USA, Inc. (NYSE:FIX)

PharVision Advisers LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 786 shares of the construction company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIX. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock worth $1,603,242,000 after purchasing an additional 67,240 shares in the last quarter. FMR LLC boosted its position in shares of Comfort Systems USA by 9.6% during the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock valued at $719,645,000 after buying an additional 148,493 shares during the last quarter. Geode Capital Management LLC grew its holdings in Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after buying an additional 21,406 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA in the 4th quarter valued at $217,771,000. Finally, Federated Hermes Inc. lifted its stake in Comfort Systems USA by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock valued at $198,391,000 after acquiring an additional 51,771 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

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

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $465.46 on Thursday. The company has a market capitalization of $16.42 billion, a P/E ratio of 31.86 and a beta of 1.48. The company’s 50-day moving average is $378.91 and its 200 day moving average is $416.58. 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, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company earned $2.69 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider now 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 legal filing with the SEC, which is available at this link. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now directly owns 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,800 shares of company stock valued at $14,642,235 over the last three months. 1.59% of the stock is currently owned by insiders.

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.