Jacobs Levy Equity Management Inc. Invests $33.98 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Jacobs Levy Equity Management Inc. acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 80,121 shares of the construction company’s stock, valued at approximately $33,976,000. Jacobs Levy Equity Management Inc. owned approximately 0.23% of Comfort Systems USA as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Janus Henderson Group PLC boosted its holdings in Comfort Systems USA by 31.6% in the fourth quarter. Janus Henderson Group PLC now owns 134,397 shares of the construction company’s stock valued at $57,009,000 after purchasing an additional 32,269 shares in the last quarter. Jefferies Financial Group Inc. boosted its holdings in Comfort Systems USA by 11.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 1,602 shares of the construction company’s stock valued at $679,000 after purchasing an additional 169 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Comfort Systems USA by 10.3% in the fourth quarter. Gotham Asset Management LLC now owns 14,747 shares of the construction company’s stock valued at $6,254,000 after purchasing an additional 1,383 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Comfort Systems USA in the fourth quarter valued at approximately $1,329,000. Finally, Focus Partners Wealth boosted its holdings in Comfort Systems USA by 85.7% in the fourth quarter. Focus Partners Wealth now owns 1,092 shares of the construction company’s stock valued at $463,000 after purchasing an additional 504 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. Stifel Nicolaus reduced their price objective on 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, DA Davidson boosted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $517.60.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $435.86 on Monday. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a 50 day simple moving average of $357.21 and a 200-day simple moving average of $412.60. The stock has a market capitalization of $15.37 billion, a PE ratio of 29.83 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is 10.80%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the transaction, the director now owns 7,236 shares in the company, valued at approximately $3,155,619.60. This represents a 19.92% 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, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the transaction, the director now owns 4,998 shares of the company’s stock, valued at $2,109,156. The trade was a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,300 shares of company stock worth $8,765,860 over the last 90 days. 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.