Munro Partners Has $21.87 Million Stake in Comfort Systems USA, Inc. $FIX

Munro Partners reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 14.0% in the 4th quarter, Holdings Channel reports. The firm owned 23,434 shares of the construction company’s stock after selling 3,820 shares during the period. Munro Partners’ holdings in Comfort Systems USA were worth $21,871,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its stake in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the last quarter. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter worth $28,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 29.4% in 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 during the last quarter. Finally, ORG Partners LLC lifted its stake in shares of Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 3.9%

Shares of FIX stock opened at $1,951.63 on Tuesday. Comfort Systems USA, Inc. has a 12 month low of $489.98 and a 12 month high of $2,073.99. The firm has a market cap of $68.70 billion, a PE ratio of 56.31 and a beta of 1.66. The stock has a 50 day moving average of $1,792.15 and a 200-day moving average of $1,396.52. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.75 earnings per share. On average, equities analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current 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 paid a $0.80 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. 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 currently 9.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Glj Research assumed 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. DA Davidson boosted their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research note on Friday, April 24th. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $1,991.50.

Insiders Place Their Bets

In related news, CFO William George III sold 4,000 shares of the company’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 in the company, valued at approximately $65,855,938.68. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the transaction, the director owned 68,983 shares of the company’s stock, valued at $131,244,986.31. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,078 shares of company stock valued at $46,651,175 in the last ninety days. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Company 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.