Moors & Cabot Inc. Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Moors & Cabot Inc. lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 124.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,659 shares of the construction company’s stock after buying an additional 921 shares during the quarter. Moors & Cabot Inc.’s holdings in Comfort Systems USA were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its holdings in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Versant Capital Management Inc boosted its stake in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after purchasing an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in 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 worth $34,000 after purchasing an additional 37 shares during the period. Colonial Trust Co SC boosted its stake in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 67 shares during the period. Finally, Rothschild Investment LLC boosted its stake in Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock worth $39,000 after purchasing an additional 62 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 26,535 shares in the company, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider directly owned 198,046 shares of the company’s stock, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,900 shares of company stock worth $20,853,987 over the last three months. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FIX has been the subject of several recent analyst reports. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research note 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. 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $635.60.

Comfort Systems USA Trading Down 1.0%

Shares of FIX stock opened at $696.24 on Monday. 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 current ratio of 1.13 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $537.48 and its two-hundred day simple moving average is $443.66. The company has a market cap of $24.56 billion, a PE ratio of 35.78 and a beta of 1.49.

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, beating analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the business posted $3.74 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.25%.

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.