Counterpoint Mutual Funds LLC Has $310,000 Position in Comfort Systems USA, Inc. $FIX

Counterpoint Mutual Funds LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 58.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 225 shares of the construction company’s stock after selling 312 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Comfort Systems USA were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System lifted its holdings in shares of Comfort Systems USA by 2.7% during the 1st quarter. New York State Teachers Retirement System now owns 30,665 shares of the construction company’s stock worth $42,287,000 after acquiring an additional 800 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Comfort Systems USA in the first quarter valued at about $2,438,000. Leonteq Securities AG increased its stake in Comfort Systems USA by 633.3% in the first quarter. Leonteq Securities AG now owns 44 shares of the construction company’s stock valued at $61,000 after acquiring an additional 38 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Comfort Systems USA by 31.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,400 shares of the construction company’s stock worth $21,236,000 after purchasing an additional 3,720 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC raised its position in Comfort Systems USA by 20.8% in the first quarter. Elevation Point Wealth Partners LLC now owns 314 shares of the construction company’s stock worth $433,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.0%

Shares of Comfort Systems USA stock opened at $1,741.16 on Monday. Comfort Systems USA, Inc. has a 12-month low of $513.99 and a 12-month high of $2,073.99. The stock has a market capitalization of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66. The company has a 50-day simple moving average of $1,884.63 and a 200 day simple moving average of $1,489.17. 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 results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The firm 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 revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.75 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is presently 9.23%.

Analysts Set New Price Targets

FIX has been the subject of a number of analyst reports. Oppenheimer started coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Erste Group Bank assumed coverage on Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating on the stock. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a report on Friday, April 24th. UBS Group raised their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,991.50.

Insider Buying and Selling

In other news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 in the company, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 in the last ninety days. 1.24% of the stock is owned by corporate insiders.

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.