Dorsey Wright & Associates Has $21.91 Million Position in Comfort Systems USA, Inc. $FIX

Dorsey Wright & Associates raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 87.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,887 shares of the construction company’s stock after purchasing an additional 7,402 shares during the quarter. Comfort Systems USA accounts for 2.7% of Dorsey Wright & Associates’ portfolio, making the stock its 7th largest holding. Dorsey Wright & Associates’ holdings in Comfort Systems USA were worth $21,908,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. California Public Employees Retirement System boosted its stake in shares of Comfort Systems USA by 17.8% in the 1st quarter. California Public Employees Retirement System now owns 78,113 shares of the construction company’s stock valued at $107,717,000 after purchasing an additional 11,829 shares in the last quarter. Kera Capital Partners Inc. grew its stake in shares of Comfort Systems USA by 13.2% during the first quarter. Kera Capital Partners Inc. now owns 627 shares of the construction company’s stock valued at $865,000 after purchasing an additional 73 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Comfort Systems USA by 10.6% in the first quarter. Gallacher Capital Management LLC now owns 711 shares of the construction company’s stock valued at $981,000 after purchasing an additional 68 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Comfort Systems USA by 18.1% in the first quarter. Angeles Wealth Management LLC now owns 267 shares of the construction company’s stock valued at $368,000 after purchasing an additional 41 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Comfort Systems USA by 91.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 124,989 shares of the construction company’s stock worth $178,549,000 after purchasing an additional 59,623 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,667.28 on Friday. 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 market capitalization of $58.69 billion, a P/E ratio of 48.10 and a beta of 1.66. The business has a 50-day moving average of $1,861.34 and a 200-day moving average of $1,540.19. Comfort Systems USA, Inc. has a 1 year low of $513.99 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The business 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%. Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.75 EPS. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current 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 issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.2%. This is a boost 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 (DPR) is 9.23%.

Insider Activity at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 4,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the sale, the chief financial officer owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This trade represents a 10.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FIX has been the topic of several research reports. The Goldman Sachs Group started coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, UBS Group raised their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $2,015.43.

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.