Ensign Peak Advisors Inc Purchases 784 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Ensign Peak Advisors Inc boosted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,968 shares of the construction company’s stock after purchasing an additional 784 shares during the period. Ensign Peak Advisors Inc’s holdings in Comfort Systems USA were worth $7,195,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after purchasing an additional 77 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after purchasing an additional 55 shares in the last quarter. Colonial Trust Co SC grew its position in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 67 shares in the last quarter. Johnson Financial Group Inc. grew its position in shares of Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock valued at $45,000 after acquiring an additional 59 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after acquiring an additional 31 shares during the period. 96.51% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction 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 transaction, the director now owns 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now owns 198,046 shares in the company, valued at $85,488,536.36. The trade was a 7.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,300 shares of company stock worth $8,765,860. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Sidoti raised 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 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 company a “buy” rating in a research report on Monday, April 28th. Finally, Stifel Nicolaus reduced their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $517.60.

Comfort Systems USA Stock Up 3.2%

FIX opened at $466.12 on Wednesday. The company has a 50 day moving average of $362.06 and a 200 day moving average of $413.54. The company has a market cap of $16.44 billion, a PE ratio of 31.90 and a beta of 1.48. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) 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 business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $2.69 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company 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.