Geode Capital Management LLC Acquires 332,441 Shares of Comfort Systems USA, Inc. $FIX

Geode Capital Management LLC raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 39.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,185,909 shares of the construction company’s stock after purchasing an additional 332,441 shares during the period. Geode Capital Management LLC’s holdings in Comfort Systems USA were worth $1,103,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Atlatl Advisers LLC bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $1,642,000. Harbour Investments Inc. increased its stake in shares of Comfort Systems USA by 27.3% during the fourth quarter. Harbour Investments Inc. now owns 322 shares of the construction company’s stock valued at $301,000 after purchasing an additional 69 shares in the last quarter. Allstate Corp bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $2,460,000. Westover Capital Advisors LLC increased its stake in shares of Comfort Systems USA by 4.9% during the fourth quarter. Westover Capital Advisors LLC now owns 552 shares of the construction company’s stock valued at $515,000 after purchasing an additional 26 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Comfort Systems USA by 10.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,346 shares of the construction company’s stock valued at $1,256,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,827.41 on Friday. The company has a market capitalization of $64.32 billion, a P/E ratio of 52.72 and a beta of 1.70. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $1,692.34 and a 200 day moving average of $1,322.38. Comfort Systems USA, Inc. has a twelve month low of $465.05 and a twelve month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the firm posted $4.75 EPS. The firm’s revenue was up 56.5% on a year-over-year basis. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. 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. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

Wall Street Analyst Weigh In

FIX has been the subject of a number of analyst reports. DA Davidson raised their target price 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. Stifel Nicolaus raised their target price 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. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research note on Thursday. They set an “outperform” rating and a $2,200.00 target price for the company. Finally, KeyCorp raised shares of 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 research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $1,969.33.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 4,500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the sale, the director owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA 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 transaction 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 approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,694 shares of company stock worth $54,374,425 in the last 90 days. Insiders own 1.24% of the company’s stock.

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.