2,636 Shares in Comfort Systems USA, Inc. $FIX Purchased by Allstate Corp

Allstate Corp purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,636 shares of the construction company’s stock, valued at approximately $2,460,000.

Several other large investors have also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC raised its holdings in Comfort Systems USA by 4.9% during the fourth quarter. Westover Capital Advisors LLC now owns 552 shares of the construction company’s stock worth $515,000 after purchasing an additional 26 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Comfort Systems USA by 10.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,346 shares of the construction company’s stock valued at $1,256,000 after buying an additional 128 shares in the last quarter. Legal & General Group Plc increased its holdings in Comfort Systems USA by 98.0% in the fourth quarter. Legal & General Group Plc now owns 121,860 shares of the construction company’s stock valued at $113,731,000 after buying an additional 60,315 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Comfort Systems USA by 109.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,322 shares of the construction company’s stock valued at $1,234,000 after buying an additional 690 shares in the last quarter. Finally, Swedbank AB purchased a new position in Comfort Systems USA in the fourth quarter valued at about $14,627,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the sale, the chief financial officer owned 32,804 shares in the company, valued at $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 29,694 shares of company stock valued at $54,374,425. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIX. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. DA Davidson increased their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday. UBS Group increased their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has an average rating of “Buy” and a consensus price target of $1,969.33.

Comfort Systems USA Stock Down 0.5%

FIX stock opened at $1,857.34 on Friday. The company’s 50 day simple moving average is $1,684.30 and its 200-day simple moving average is $1,318.83. The firm has a market capitalization of $65.38 billion, a PE ratio of 53.59 and a beta of 1.70. Comfort Systems USA, Inc. has a 12 month low of $465.05 and a 12 month high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.75 earnings per share. Equities analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

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.