Copeland Capital Management LLC Has $644,000 Holdings in Comfort Systems USA, Inc. $FIX

Copeland Capital Management LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 55.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 467 shares of the construction company’s stock after selling 582 shares during the quarter. Copeland Capital Management LLC’s holdings in Comfort Systems USA were worth $644,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the 4th quarter valued at $28,000. CENTRAL TRUST Co acquired a new stake in shares of Comfort Systems USA in the first quarter worth $46,000. Ascentis Independent Advisors acquired a new stake in shares of Comfort Systems USA in the first quarter worth $46,000. Brown Lisle Cummings Inc. purchased a new position in shares of Comfort Systems USA during the first quarter valued at $47,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.8%

Comfort Systems USA stock opened at $1,667.28 on Friday. Comfort Systems USA, Inc. has a 12 month low of $513.99 and a 12 month high of $2,073.99. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The stock has a market cap of $58.69 billion, a P/E ratio of 48.10 and a beta of 1.66. The company’s fifty day simple moving average is $1,861.34 and its 200-day simple moving average is $1,540.19.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period last year, the company earned $4.75 earnings per share. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is currently 9.23%.

Analyst Upgrades and Downgrades

FIX has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Finally, Glj Research began coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $2,015.43.

Insider Buying and Selling

In other news, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction dated 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 owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 30,778 shares of company stock worth $59,746,124. Insiders own 1.24% 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.