Comfort Systems USA, Inc. $FIX Shares Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 35.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,772 shares of the construction company’s stock after purchasing an additional 24,160 shares during the period. Comfort Systems USA comprises approximately 3.1% of Granahan Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Granahan Investment Management LLC’s holdings in Comfort Systems USA were worth $76,554,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Focus Partners Wealth raised its holdings in shares of Comfort Systems USA by 48.5% during the 3rd quarter. Focus Partners Wealth now owns 5,331 shares of the construction company’s stock worth $4,382,000 after buying an additional 1,742 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of Comfort Systems USA by 186.7% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 367 shares of the construction company’s stock worth $303,000 after buying an additional 239 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Comfort Systems USA by 190.2% in the third quarter. Brevan Howard Capital Management LP now owns 48,062 shares of the construction company’s stock valued at $39,660,000 after buying an additional 31,503 shares in the last quarter. Cannell & Spears LLC acquired a new stake in Comfort Systems USA in the third quarter valued at about $291,000. Finally, Centiva Capital LP bought a new position in Comfort Systems USA in the third quarter valued at about $836,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,366.39 on Monday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,500.00. The business has a 50-day simple moving average of $1,241.96 and a two-hundred day simple moving average of $1,008.70. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The stock has a market cap of $48.06 billion, a PE ratio of 47.28 and a beta of 1.62.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the company earned $4.09 earnings per share. The business’s quarterly revenue was up 41.7% on a year-over-year basis. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be issued a $0.70 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the transaction, the director directly owned 18,035 shares in the company, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director directly owned 73,995 shares of the company’s stock, valued at $108,962,077.20. The trade was a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,288 shares of company stock worth $53,677,038 over the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIX. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson upped their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,573.67.

About Comfort Systems USA

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.