Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 37.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,001 shares of the construction company’s stock after acquiring an additional 1,620 shares during the quarter. Mackenzie Financial Corp’s holdings in Comfort Systems USA were worth $1,934,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FIX. National Bank of Canada FI boosted its stake in shares of Comfort Systems USA by 520.5% during the 4th quarter. National Bank of Canada FI now owns 937 shares of the construction company’s stock worth $397,000 after acquiring an additional 786 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth $167,000. Wells Fargo & Company MN boosted its stake in shares of Comfort Systems USA by 45.6% during the 4th quarter. Wells Fargo & Company MN now owns 73,757 shares of the construction company’s stock worth $31,277,000 after acquiring an additional 23,117 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Comfort Systems USA by 123.6% during the 4th quarter. Russell Investments Group Ltd. now owns 52,421 shares of the construction company’s stock worth $22,254,000 after acquiring an additional 28,980 shares in the last quarter. Finally, Thames Capital Management LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth $6,851,000. 96.51% of the stock is owned by institutional investors.

Insider Transactions at Comfort Systems USA

In related news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the sale, the director owned 26,535 shares of the company’s stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the sale, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,900 shares of company stock worth $20,853,987 in the last ninety days. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $696.24 on Monday. The stock has a market cap of $24.56 billion, a PE ratio of 35.78 and a beta of 1.49. The business has a fifty day simple moving average of $537.48 and a 200-day simple moving average of $443.66. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $718.40.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.74 earnings per share. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA’s payout ratio is 9.25%.

Analyst Upgrades and Downgrades

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

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.