Wealth High Governance Asset Management Ltda. Takes Position in Comfort Systems USA, Inc. $FIX

Wealth High Governance Asset Management Ltda. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,954 shares of the construction company’s stock, valued at approximately $16,484,000. Comfort Systems USA makes up about 5.8% of Wealth High Governance Asset Management Ltda.’s portfolio, making the stock its largest holding.

A number of other hedge funds also recently added to or reduced their stakes in FIX. Vanguard Group Inc. lifted its position in Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after acquiring an additional 625,567 shares in the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA in the 4th quarter worth $469,606,000. State Street Corp raised its stake in shares of Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after purchasing an additional 309,217 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on FIX. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, KeyCorp raised their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $2,057.86.

Comfort Systems USA Stock Down 0.1%

FIX opened at $1,728.56 on Monday. The firm’s 50 day simple moving average is $1,817.97 and its two-hundred day simple moving average is $1,595.01. The company has a market capitalization of $60.83 billion, a PE ratio of 42.51 and a beta of 1.69. Comfort Systems USA, Inc. has a 1-year low of $655.96 and a 1-year high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $6.53 EPS. Comfort Systems USA’s revenue for the quarter was up 50.3% compared to the same quarter last year. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a dividend of $0.90 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 7.87%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were 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 directly owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,778 shares of company stock worth $56,257,229 in the last quarter. 1.24% of the stock is currently owned by insiders.

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.