Munro Partners Takes $9.69 Million Position in Comfort Systems USA, Inc. $FIX

Munro Partners purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, HoldingsChannel reports. The firm purchased 18,069 shares of the construction company’s stock, valued at approximately $9,689,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FIX. Kovitz Investment Group Partners LLC lifted its holdings in Comfort Systems USA by 1,993.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 11,956 shares of the construction company’s stock worth $3,854,000 after buying an additional 11,385 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Comfort Systems USA by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 388,638 shares of the construction company’s stock worth $125,253,000 after acquiring an additional 20,854 shares during the last quarter. Ethic Inc. lifted its stake in shares of Comfort Systems USA by 62.7% in the first quarter. Ethic Inc. now owns 2,524 shares of the construction company’s stock worth $833,000 after acquiring an additional 973 shares during the period. American Century Companies Inc. boosted its holdings in Comfort Systems USA by 7.6% in the first quarter. American Century Companies Inc. now owns 85,054 shares of the construction company’s stock valued at $27,415,000 after acquiring an additional 6,015 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Comfort Systems USA by 5.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 1,428 shares of the construction company’s stock valued at $460,000 after acquiring an additional 70 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIX has been the subject of several analyst reports. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. UBS Group lifted their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a research report on Friday, October 24th. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $892.75.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 4,370 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the sale, the chief financial officer owned 39,824 shares in the company, valued at $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the transaction, the senior vice president owned 7,938 shares in the company, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 26,028 shares of company stock valued at $25,381,151. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 6.4%

Shares of NYSE FIX opened at $959.12 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a market cap of $33.83 billion, a PE ratio of 40.61 and a beta of 1.64. The company’s fifty day simple moving average is $923.93 and its 200 day simple moving average is $736.53. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,036.67.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.3%. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.