Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 450.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,900 shares of the construction company’s stock after purchasing an additional 20,375 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Comfort Systems USA worth $1,088,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in FIX. BlackRock Inc. increased its position in shares of Comfort Systems USA by 5.6% during the 3rd quarter. BlackRock Inc. now owns 6,475,145 shares of the construction company’s stock valued at $365,197,000 after purchasing an additional 343,379 shares during the last quarter. Vanguard Group Inc increased its position in shares of Comfort Systems USA by 9.2% during the 3rd quarter. Vanguard Group Inc now owns 3,971,773 shares of the construction company’s stock valued at $224,008,000 after purchasing an additional 334,921 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Comfort Systems USA by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,971,773 shares of the construction company’s stock valued at $224,008,000 after purchasing an additional 334,921 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Comfort Systems USA by 66.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 357,246 shares of the construction company’s stock valued at $20,149,000 after purchasing an additional 142,513 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Comfort Systems USA by 1,349.0% during the 3rd quarter. Victory Capital Management Inc. now owns 142,526 shares of the construction company’s stock worth $8,038,000 after acquiring an additional 132,690 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Julie Shaeff sold 12,009 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.08, for a total transaction of $637,437.72. Following the completion of the transaction, the insider now owns 30,599 shares in the company, valued at approximately $1,624,194.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $47.85, for a total value of $95,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,131 shares of company stock valued at $1,858,940 in the last quarter. 3.45% of the stock is owned by corporate insiders.
FIX stock opened at $52.46 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.93 billion, a PE ratio of 17.49, a PEG ratio of 1.57 and a beta of 1.35. Comfort Systems USA, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $59.83.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 21st. The construction company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.13). The firm had revenue of $588.36 million for the quarter, compared to the consensus estimate of $568.77 million. Comfort Systems USA had a return on equity of 23.37% and a net margin of 5.17%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 3.35 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Monday, March 11th will be paid a dividend of $0.095 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, March 8th. This represents a $0.38 annualized dividend and a dividend yield of 0.72%. Comfort Systems USA’s dividend payout ratio is presently 12.67%.
Several research analysts have recently weighed in on FIX shares. Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Monday, January 28th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Wednesday, January 2nd. Finally, DA Davidson increased their price target on Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th.
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About Comfort Systems USA
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.
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