American Century Companies Inc. Increases Position in Comfort Systems USA, Inc. $FIX

American Century Companies Inc. boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,328 shares of the construction company’s stock after purchasing an additional 7,293 shares during the quarter. American Century Companies Inc. owned approximately 0.30% of Comfort Systems USA worth $87,740,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $25,000. Quent Capital LLC purchased a new stake in Comfort Systems USA in the 3rd quarter worth $25,000. Eastern Bank acquired a new position in Comfort Systems USA during the third quarter worth $31,000. Avion Wealth raised its position in Comfort Systems USA by 1,800.0% during the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after acquiring an additional 54 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Comfort Systems USA during the second quarter valued at $69,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comfort Systems USA news, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares of the company’s stock, valued at $13,229,471.12. This trade represents a 21.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 8,636 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director directly owned 73,995 shares of the company’s stock, valued at $108,962,077.20. The trade was a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,001 shares of company stock valued at $45,972,187 over the last three months. Company insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FIX shares. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson lifted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average price target of $1,573.67.

Comfort Systems USA Trading Down 3.5%

Shares of FIX stock opened at $1,388.19 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The company’s 50-day moving average price is $1,175.77 and its 200-day moving average price is $970.69. The stock has a market cap of $48.82 billion, a price-to-earnings ratio of 48.03 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm earned $4.09 earnings per share. Comfort Systems USA’s quarterly revenue was up 41.7% compared to the same quarter last year. As a group, equities 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 Tuesday, March 17th. Shareholders of record on Friday, March 6th will be given a $0.70 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.30%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.