Comfort Systems USA, Inc. $FIX Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 17.9% in the 4th quarter, Holdings Channel reports. The fund owned 224,267 shares of the construction company’s stock after acquiring an additional 34,064 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Comfort Systems USA were worth $209,306,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Prudential PLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $6,922,000. Ethic Inc. lifted its stake in shares of Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after purchasing an additional 748 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after purchasing an additional 39,888 shares during the period. Spire Wealth Management lifted its stake in shares of Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after purchasing an additional 4,679 shares during the period. Finally, Moran Wealth Management LLC lifted its stake in shares of Comfort Systems USA by 34.0% in the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after purchasing an additional 7,192 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on FIX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. DA Davidson raised their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research note on Friday, April 24th. Finally, Wall Street Zen cut shares of 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. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $1,991.50.

Insider Activity

In other Comfort Systems USA news, Director Franklin Myers sold 4,500 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the transaction, the director directly owned 68,983 shares in the company, valued at approximately $131,244,986.31. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William J. Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the sale, the director owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,877.52 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $1,781.45 and a two-hundred day moving average price of $1,389.51. Comfort Systems USA, Inc. has a twelve month low of $489.54 and a twelve month high of $2,073.99. The company has a market capitalization of $66.09 billion, a P/E ratio of 54.17 and a beta of 1.66.

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

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Profile

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.