Fiera Capital Corp Buys 18,985 Shares of Comfort Systems USA, Inc. $FIX

Fiera Capital Corp lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 32.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,117 shares of the construction company’s stock after purchasing an additional 18,985 shares during the period. Fiera Capital Corp’s holdings in Comfort Systems USA were worth $71,973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. raised its stake in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Farmers & Merchants Investments Inc. raised its stake in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the last quarter. Finally, ORG Partners LLC increased its holdings in shares of Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FIX. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. UBS Group boosted their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Erste Group Bank began coverage on Comfort Systems USA in a report on Friday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. This represents a 8.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William J. Sandbrook sold 1,500 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. This represents a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,841.59 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The stock’s fifty day moving average price is $1,735.08 and its two-hundred day moving average price is $1,357.46. Comfort Systems USA, Inc. has a one year low of $469.16 and a one year high of $2,073.99. The firm has a market cap of $64.82 billion, a price-to-earnings ratio of 53.13 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $4.75 EPS. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a $0.80 dividend. 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%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is currently 9.23%.

Comfort Systems USA 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.