8,458 Shares in Comfort Systems USA, Inc. $FIX Acquired by Whittier Trust Co.

Whittier Trust Co. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,458 shares of the construction company’s stock, valued at approximately $12,130,000.

Several other hedge funds have also added to or reduced their stakes in the business. Ascentis Independent Advisors bought a new position in Comfort Systems USA during the first quarter worth $46,000. Stephens Inc. AR bought a new position in shares of Comfort Systems USA in the first quarter valued at about $302,000. Astoria Portfolio Advisors LLC. lifted its stake in shares of Comfort Systems USA by 4.7% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 534 shares of the construction company’s stock worth $736,000 after buying an additional 24 shares during the last quarter. Kepler Cheuvreux Suisse SA acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $827,000. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Comfort Systems USA by 72.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 594 shares of the construction company’s stock worth $819,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. UBS Group raised 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 report on Monday, June 8th. Glj Research started coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. Erste Group Bank started coverage on Comfort Systems USA in a research report on Friday, June 5th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus increased their target price on 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. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $1,991.50.

Comfort Systems USA Stock Performance

NYSE:FIX traded down $160.58 during mid-day trading on Tuesday, reaching $1,632.45. 163,347 shares of the company’s stock were exchanged, compared to its average volume of 442,952. Comfort Systems USA, Inc. has a one year low of $513.99 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The business’s fifty day simple moving average is $1,884.97 and its two-hundred day simple moving average is $1,494.99. The firm has a market capitalization of $57.46 billion, a PE ratio of 47.14 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the firm posted $4.75 EPS. The business’s revenue for the quarter 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 fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 over the last ninety days. 1.24% of the stock is owned by corporate insiders.

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.