Canada Pension Plan Investment Board Purchases New Stake in Comfort Systems USA, Inc. $FIX

Canada Pension Plan Investment Board purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, Holdings Channel reports. The firm purchased 32,880 shares of the construction company’s stock, valued at approximately $65,167,000.

Several other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp bought a new position in shares of Comfort Systems USA in the second quarter valued at $26,000. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter worth about $28,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA during the second quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth about $33,000. Finally, Carolina Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target for the company. Oppenheimer initiated coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. UBS Group set a $2,100.00 target price on Comfort Systems USA in a report on Thursday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, DA Davidson began coverage on Comfort Systems USA in a report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,616.34 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The firm has a 50-day moving average of $1,756.32 and a 200-day moving average of $1,670.47. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The company has a market cap of $56.88 billion, a P/E ratio of 39.75 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company earned $6.53 earnings per share. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. Equities research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is 8.85%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 2,554 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,778 shares of company stock worth $56,306,777 in the last 90 days. Insiders own 1.24% of the company’s stock.

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.