Arrowstreet Capital Limited Partnership Acquires 28,712 Shares of Comfort Systems USA, Inc. $FIX

Arrowstreet Capital Limited Partnership raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 252,979 shares of the construction company’s stock after purchasing an additional 28,712 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Comfort Systems USA were worth $348,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of FIX. Signature Equity Partners LLC boosted its holdings in Comfort Systems USA by 16.7% during the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after acquiring an additional 5 shares during the last quarter. Coston McIsaac & Partners raised its holdings in shares of Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after purchasing an additional 7 shares during the last quarter. Petra Financial Advisors Inc. lifted its position in shares of Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after purchasing an additional 7 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Comfort Systems USA by 1.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after purchasing an additional 8 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Comfort Systems USA by 1.3% during the first quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,830.08 on Friday. The firm has a market cap of $64.42 billion, a price-to-earnings ratio of 52.80 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52 week low of $543.24 and a 52 week high of $2,073.99. The firm’s 50-day simple moving average is $1,841.07 and its two-hundred day simple moving average is $1,567.54.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the firm earned $6.53 EPS. The company’s revenue was up 50.3% compared to the same quarter last year. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FIX shares. UBS Group upped their price objective on shares of 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. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Stifel Nicolaus boosted their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,015.43.

Insider Buying and Selling

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,778 shares of company stock worth $59,746,124 in the last three months. Insiders own 1.24% of the company’s stock.

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.