Whittier Trust Co. of Nevada Inc. Grows Stock Holdings in Comfort Systems USA, Inc. $FIX

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 42,980.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,308 shares of the construction company’s stock after purchasing an additional 4,298 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Comfort Systems USA were worth $6,178,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. boosted 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 acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA in the 4th quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in Comfort Systems USA in the 4th quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. raised its holdings in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the transaction, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Trading Down 8.8%

Shares of FIX traded down $158.04 on Tuesday, hitting $1,634.99. 163,347 shares of the stock traded hands, compared to its average volume of 442,952. Comfort Systems USA, Inc. has a 1 year low of $513.99 and a 1 year high of $2,073.99. The stock’s 50 day moving average is $1,884.97 and its two-hundred day moving average is $1,494.99. The firm has a market capitalization of $57.55 billion, a P/E ratio of 47.14 and a beta of 1.66. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.75 EPS. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s payout ratio is 9.23%.

Analyst Ratings Changes

Several analysts have weighed in on FIX shares. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. UBS Group increased their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Erste Group Bank began coverage on shares of Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and an average price target of $1,991.50.

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.