Comfort Systems USA, Inc. $FIX Shares Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 46.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,105 shares of the construction company’s stock after acquiring an additional 350 shares during the quarter. Chase Investment Counsel Corp’s holdings in Comfort Systems USA were worth $1,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its position in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares during the period. JFS Wealth Advisors LLC increased its position in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 10 shares during the period. West Michigan Advisors LLC increased its position in Comfort Systems USA by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock worth $717,000 after buying an additional 10 shares during the period. EWA LLC increased its position in Comfort Systems USA by 2.7% during the fourth quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after buying an additional 10 shares during the period. Finally, Armstrong Advisory Group Inc. increased its position in Comfort Systems USA by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock worth $264,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 0.1%

Comfort Systems USA stock opened at $1,994.37 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. Comfort Systems USA, Inc. has a 1-year low of $452.04 and a 1-year high of $2,073.99. The company has a market cap of $70.20 billion, a PE ratio of 57.54 and a beta of 1.70. The stock’s 50 day moving average price is $1,599.07 and its 200 day moving average price is $1,263.40.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the business earned $4.75 earnings per share. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FIX. KeyCorp raised 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 report on Friday, April 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, UBS Group boosted their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares in the company, valued at approximately $66,295,571.84. The trade was a 2.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 61,024 shares of company stock valued at $99,678,386. 1.24% of the stock is owned by company insiders.

About Comfort Systems USA

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.