Comfort Systems USA, Inc. $FIX Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 64.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,606 shares of the construction company’s stock after acquiring an additional 1,021 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Comfort Systems USA were worth $2,690,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after acquiring an additional 73,727 shares during the period. AQR Capital Management LLC increased its holdings in shares of Comfort Systems USA by 6.8% in the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock valued at $678,475,000 after purchasing an additional 53,125 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after purchasing an additional 197,613 shares during the period. First Trust Advisors LP raised its stake in shares of Comfort Systems USA by 29.8% during the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock worth $423,529,000 after purchasing an additional 117,892 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Comfort Systems USA during the second quarter worth approximately $256,998,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA News Summary

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Company reported a stronger-than-expected backlog and improved returns on capital, which analysts say justified recent gains and underpins longer‑term revenue visibility. Why Comfort Systems USA (FIX) Is Up 5.2% After Strong Backlog And Higher Returns On Capital
• Positive Sentiment: Ongoing demand for data‑center cooling and HVAC services is cited as a durable growth driver for Comfort Systems’ service and project backlog, supporting elevated revenue expectations. Data Center Cooling Provider Sees Ongoing Demand. Shares Are Near A High.
• Positive Sentiment: Zacks upgraded FIX to a Zacks Rank #1 (Strong Buy), which can attract additional buy-side interest and supports near-term analyst-driven flows. Comfort Systems (FIX) Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: Consensus analyst coverage remains mostly bullish (Buy/Strong Buy majority), which supports investor confidence in the company’s strategy and valuation over the medium term. Comfort Systems USA, Inc. (NYSE:FIX) Receives Average Rating of “Buy” from Analysts
• Neutral Sentiment: Coverage pieces reminding investors about analyst recommendations and fundamentals can increase trading volume and volatility without changing the underlying story. Brokers Suggest Investing in Comfort Systems (FIX): Read This Before Placing a Bet
• Negative Sentiment: Short-term pullback appears linked to profit-taking after the recent run-up and visible insider selling (multiple Form 4s), which increases perceived near-term supply and can pressure the stock. Comfort Systems USA shares slide 4.2% amid profit-taking after strong run-up and recent insider sales

Analyst Ratings Changes

Several equities research analysts recently weighed in on FIX shares. DA Davidson increased their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and a consensus target price of $1,573.67.

Comfort Systems USA Stock Down 5.8%

FIX opened at $1,360.72 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The business has a 50 day simple moving average of $1,281.72 and a 200-day simple moving average of $1,033.57. The stock has a market capitalization of $47.86 billion, a P/E ratio of 47.08 and a beta of 1.63. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.Comfort Systems USA’s quarterly revenue was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.09 earnings per share. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, March 6th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is presently 9.69%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 9,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the sale, the chief financial officer owned 37,824 shares in the company, valued at $54,276,305.28. This trade represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the sale, the director directly owned 18,035 shares in the company, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,288 shares of company stock worth $53,677,038. Company insiders own 1.59% of the company’s stock.

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.