Greenspring Advisors LLC Acquires New Stake in Comfort Systems USA, Inc. $FIX

Greenspring Advisors LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 299 shares of the construction company’s stock, valued at approximately $279,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after buying an additional 625,567 shares in the last quarter. Norges Bank purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $469,606,000. Geode Capital Management LLC boosted its position in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after acquiring an additional 332,441 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after acquiring an additional 309,217 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after acquiring an additional 197,613 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the transaction, the director owned 7,666 shares in the company, valued at $13,282,648.22. The trade was a 16.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 24,078 shares of company stock worth $46,651,175. Corporate insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

FIX has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target 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. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. Erste Group Bank initiated coverage on Comfort Systems USA in a research note on Friday. They issued a “buy” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $1,969.33.

Comfort Systems USA Stock Down 3.8%

Shares of FIX opened at $1,841.59 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $469.16 and a fifty-two week high of $2,073.99. The company’s fifty day moving average is $1,735.08 and its two-hundred day moving average is $1,354.40. The firm has a market cap of $64.82 billion, a PE ratio of 53.13 and a beta of 1.65. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 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.