Plato Investment Management Ltd Takes Position in Comfort Systems USA, Inc. $FIX

Plato Investment Management Ltd purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, Holdings Channel.com reports. The firm purchased 2,412 shares of the construction company’s stock, valued at approximately $4,753,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIX. Vanguard Group Inc. lifted its stake in Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after buying an additional 625,567 shares in the last quarter. Norges Bank acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $469,606,000. State Street Corp raised its holdings in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after acquiring an additional 375,118 shares during the period. Geode Capital Management LLC raised its holdings in shares of Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after acquiring an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Comfort Systems USA by 37,987.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after acquiring an additional 309,217 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research report on Monday, July 27th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, UBS Group increased their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. One equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2,057.86.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,774.19 on Monday. The company has a market capitalization of $62.43 billion, a PE ratio of 43.63 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company’s 50 day moving average price is $1,793.06 and its 200 day moving average price is $1,638.56. Comfort Systems USA, Inc. has a 52 week low of $655.96 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.53 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. This trade represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,542 shares of company stock valued at $26,437,101. 1.24% of the stock is owned by corporate 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.