Mackenzie Financial Corp Decreases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mackenzie Financial Corp lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,274 shares of the construction company’s stock after selling 206 shares during the quarter. Mackenzie Financial Corp’s holdings in Comfort Systems USA were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FIX. AE Wealth Management LLC raised its position in shares of Comfort Systems USA by 22.2% during the 3rd quarter. AE Wealth Management LLC now owns 1,714 shares of the construction company’s stock valued at $292,000 after buying an additional 311 shares during the period. SG Americas Securities LLC raised its position in shares of Comfort Systems USA by 437.0% during the 3rd quarter. SG Americas Securities LLC now owns 10,902 shares of the construction company’s stock valued at $1,858,000 after buying an additional 8,872 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its position in shares of Comfort Systems USA by 58.2% during the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 64,946 shares of the construction company’s stock valued at $11,067,000 after buying an additional 23,899 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of Comfort Systems USA by 14.9% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,887 shares of the construction company’s stock valued at $322,000 after buying an additional 244 shares during the period. Finally, Redwood Investments LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at approximately $13,801,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 1.0 %

Comfort Systems USA stock opened at $311.65 on Friday. The firm has a 50 day moving average price of $302.17 and a 200 day moving average price of $233.51. The company has a market capitalization of $11.12 billion, a PE ratio of 34.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. Comfort Systems USA, Inc. has a fifty-two week low of $129.77 and a fifty-two week high of $335.25.

Comfort Systems USA (NYSE:FIX) last posted 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. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Research analysts expect that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.25 dividend. The ex-dividend date of this dividend 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 (DPR) is 11.11%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were 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 owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were 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 owns 13,787 shares in the company, valued at $4,135,548.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the transaction, the chief operating officer now owns 22,644 shares of the company’s stock, valued at approximately $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 90 days. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Company Profile

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.