Cerity Partners LLC Buys 8,377 Shares of Comfort Systems USA, Inc. $FIX

Cerity Partners LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 25.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 41,391 shares of the construction company’s stock after acquiring an additional 8,377 shares during the period. Cerity Partners LLC’s holdings in Comfort Systems USA were worth $38,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of FIX. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the period. Norges Bank bought a new stake in Comfort Systems USA in the 4th quarter valued at $469,606,000. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Comfort Systems USA by 37,987.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after buying an additional 309,217 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after buying an additional 197,613 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Activity

In other Comfort Systems USA news, Director Franklin Myers sold 4,500 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the sale, the director owned 68,983 shares of the company’s stock, valued at $131,244,986.31. This represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Trading Down 6.4%

Shares of Comfort Systems USA stock opened at $1,713.52 on Thursday. The stock has a market capitalization of $60.32 billion, a P/E ratio of 49.44 and a beta of 1.65. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $1,763.06 and a 200 day simple moving average of $1,376.26. Comfort Systems USA, Inc. has a 12-month low of $486.73 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the company posted $4.75 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 9.23%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent research reports. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating for the company. Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. UBS Group increased their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday. Finally, DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,991.50.

Comfort Systems USA Profile

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.