Comfort Systems USA, Inc. $FIX Position Increased by Dorsey Wright & Associates

Dorsey Wright & Associates boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 6.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,485 shares of the construction company’s stock after buying an additional 539 shares during the quarter. Comfort Systems USA accounts for 1.7% of Dorsey Wright & Associates’ holdings, making the stock its 15th largest position. Dorsey Wright & Associates’ holdings in Comfort Systems USA were worth $7,919,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Ameriflex Group Inc. boosted its stake in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $33,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,971.17 on Friday. The business’s 50-day moving average is $1,823.06 and its 200-day moving average is $1,416.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The company has a market capitalization of $69.39 billion, a price-to-earnings ratio of 56.87 and a beta of 1.65. Comfort Systems USA, Inc. has a fifty-two week low of $489.98 and a fifty-two week high of $2,073.99.

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

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the transaction, the chief financial officer directly owned 32,804 shares in the company, valued at $66,295,571.84. This trade represents a 2.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIX. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. DA Davidson upped 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. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a report on Friday, June 5th. They issued a “buy” rating for the company. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and an average 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.