8,343 Shares in Comfort Systems USA, Inc. $FIX Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,343 shares of the construction company’s stock, valued at approximately $7,797,000.

Other large investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. boosted its position 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 buying an additional 9 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in Comfort Systems USA by 3.0% during the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $291,000 after buying an additional 9 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings 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 in the last quarter. West Michigan Advisors LLC grew its holdings 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 in the last quarter. Finally, EWA LLC grew its holdings 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 in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the transaction, the director directly owned 7,666 shares of the company’s stock, valued at $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 4,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at $65,855,938.68. The trade was a 10.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,078 shares of company stock valued at $46,651,175 in the last quarter. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,877.52 on Monday. The stock has a fifty day simple moving average of $1,781.45 and a two-hundred day simple moving average of $1,389.51. Comfort Systems USA, Inc. has a 1-year low of $489.54 and a 1-year high of $2,073.99. The firm has a market cap of $66.09 billion, a price-to-earnings ratio of 54.17 and a beta of 1.66. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the company earned $4.75 earnings per share. Comfort Systems USA’s revenue was up 56.5% compared to the same quarter last year. Analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Erste Group Bank assumed coverage on Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Oppenheimer assumed coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $1,991.50.

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.