Chase Investment Counsel Corp Buys Shares of 755 Comfort Systems USA, Inc. $FIX

Chase Investment Counsel Corp bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, HoldingsChannel.com reports. The fund bought 755 shares of the construction company’s stock, valued at approximately $623,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Toth Financial Advisory Corp purchased a new position in Comfort Systems USA during the 3rd quarter valued at $25,000. Quent Capital LLC purchased a new stake in shares of Comfort Systems USA during the third quarter valued at $25,000. Eastern Bank bought a new position in shares of Comfort Systems USA in the third quarter worth about $31,000. Avion Wealth increased its stake in Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after buying an additional 54 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new stake in Comfort Systems USA during the 3rd quarter valued at about $83,000. 96.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the transaction, the senior vice president owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 4,370 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the sale, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. The trade was a 9.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FIX shares. Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research note on Monday. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. UBS Group restated a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson lifted their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,573.67.

Comfort Systems USA Stock Down 3.6%

Shares of NYSE FIX opened at $1,409.67 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $49.58 billion, a PE ratio of 48.78 and a beta of 1.67. The stock’s fifty day simple moving average is $1,116.07 and its two-hundred day simple moving average is $939.47. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,476.94.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company posted $4.09 EPS. The business’s revenue for the quarter was up 41.7% compared to the same quarter last year. As a group, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be issued a $0.70 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is 8.30%.

About Comfort Systems USA

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.