Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Xponance Inc.

Xponance Inc. lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 148.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,172 shares of the construction company’s stock after purchasing an additional 3,088 shares during the quarter. Xponance Inc.’s holdings in Comfort Systems USA were worth $1,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AIA Group Ltd acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $223,000. Avior Wealth Management LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $329,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Comfort Systems USA by 6.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,882 shares of the construction company’s stock valued at $1,621,000 after purchasing an additional 461 shares during the last quarter. Freedom Day Solutions LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $1,739,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $2,098,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FIX. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. DA Davidson raised their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, KeyCorp began coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company.

Insider Transactions at Comfort Systems USA

In other news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the transaction, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $308.37 on Thursday. Comfort Systems USA, Inc. has a 52-week low of $129.77 and a 52-week high of $335.25. The business has a fifty day moving average of $301.00 and a two-hundred day moving average of $232.96. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 34.26 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business posted $1.54 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. Comfort Systems USA’s dividend payout ratio is currently 11.11%.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.