Assetmark Inc. Grows Position in Comfort Systems USA, Inc. (NYSE:FIX)

Assetmark Inc. increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 72.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 309 shares of the construction company’s stock after buying an additional 130 shares during the quarter. Assetmark Inc.’s holdings in Comfort Systems USA were worth $100,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its stake in shares of Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after purchasing an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 67 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in shares of Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock valued at $39,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FIX shares. Stifel Nicolaus raised their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a report on Friday, July 11th. UBS Group raised their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a “buy” rating in a report on Friday, July 25th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, DA Davidson raised their price target on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $635.60.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the sale, the chief operating officer owned 21,639 shares of the company’s stock, valued at $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider owned 198,046 shares of the company’s stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,900 shares of company stock valued at $20,853,987. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $696.24 on Monday. The stock has a fifty day moving average price of $537.48 and a 200 day moving average price of $443.66. The stock has a market cap of $24.56 billion, a PE ratio of 35.78 and a beta of 1.49. Comfort Systems USA, Inc. has a 1 year low of $272.92 and a 1 year high of $718.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Comfort Systems USA’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.74 earnings per share. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. Comfort Systems USA’s payout ratio is presently 9.25%.

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.