GW&K Investment Management LLC Has $144.26 Million Holdings in Comfort Systems USA, Inc. $FIX

GW&K Investment Management LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 13.9% during the third quarter, Holdings Channel.com reports. The fund owned 174,817 shares of the construction company’s stock after selling 28,248 shares during the period. Comfort Systems USA accounts for 1.3% of GW&K Investment Management LLC’s holdings, making the stock its 3rd largest holding. GW&K Investment Management LLC’s holdings in Comfort Systems USA were worth $144,260,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Private Client Services LLC grew its position in shares of Comfort Systems USA by 624.4% in the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after buying an additional 2,354 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after acquiring an additional 15,831 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Comfort Systems USA by 19.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after acquiring an additional 2,461 shares during the period. Triasima Portfolio Management inc. bought a new stake in Comfort Systems USA in the third quarter valued at $2,392,000. Finally, Calamos Advisors LLC bought a new stake in Comfort Systems USA in the third quarter valued at $1,527,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 2.8%

Shares of Comfort Systems USA stock opened at $1,429.71 on Thursday. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. The firm has a market cap of $50.28 billion, a price-to-earnings ratio of 49.47 and a beta of 1.63. The company has a 50-day moving average of $1,185.24 and a 200 day moving average of $973.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the company earned $4.09 earnings per share. The business’s revenue was up 41.7% compared to the same quarter last year. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be given a dividend of $0.70 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend 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 is 8.30%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the transaction, the director directly owned 73,995 shares in the company, valued at $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director directly owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,001 shares of company stock valued at $44,976,027 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

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.