Comfort Systems USA, Inc. $FIX Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 21.8% during the third quarter, Holdings Channel reports. The institutional investor owned 33,014 shares of the construction company’s stock after buying an additional 5,912 shares during the period. Cerity Partners LLC’s holdings in Comfort Systems USA were worth $27,243,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Westfield Capital Management Co. LP increased its holdings in shares of Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after acquiring an additional 46,773 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after purchasing an additional 3,032 shares in the last quarter. AQR Capital Management LLC increased its stake in Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after purchasing an additional 252,007 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Comfort Systems USA by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock valued at $287,894,000 after purchasing an additional 17,469 shares during the last quarter. Finally, Norges Bank acquired a new stake in Comfort Systems USA during the second quarter worth approximately $256,998,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Stifel Nicolaus boosted their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. UBS Group upped their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. DA Davidson reiterated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. Finally, William Blair started coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,011.75.

Insider Buying and Selling

In other news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 4,370 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This trade represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Trading Down 6.1%

Shares of Comfort Systems USA stock opened at $971.77 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market capitalization of $34.27 billion, a P/E ratio of 41.14 and a beta of 1.66. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,050.45. The company’s fifty day moving average is $959.79 and its two-hundred day moving average is $796.79.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million during the quarter. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is 10.16%.

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.