375 Shares in Comfort Systems USA, Inc. $FIX Acquired by Legato Capital Management LLC

Legato Capital Management LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 375 shares of the construction company’s stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. lifted its position in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the last quarter. West Michigan Advisors LLC lifted its position in Comfort Systems USA by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock valued at $717,000 after purchasing an additional 10 shares during the last quarter. EWA LLC lifted its position in Comfort Systems USA by 2.7% in the fourth quarter. EWA LLC now owns 379 shares of the construction company’s stock valued at $353,000 after purchasing an additional 10 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in Comfort Systems USA by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock valued at $264,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on FIX. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. 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. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. DA Davidson boosted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, KeyCorp upgraded 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 report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $1,923.20.

Insider Activity

In other news, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director directly owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William J. Sandbrook sold 1,500 shares of the business’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 value of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares in the company, valued at $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 29,352 shares of company stock valued at $53,724,598. 1.24% of the stock is owned by insiders.

Comfort Systems USA Price Performance

FIX opened at $1,869.66 on Thursday. 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 $465.05 and a 52-week high of $2,073.99. The stock has a market capitalization of $65.81 billion, a PE ratio of 53.94 and a beta of 1.70. The stock’s 50 day moving average price is $1,675.65 and its 200-day moving average price is $1,312.47.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm earned $4.75 earnings per share. The business’s revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company 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.