Fiera Capital Corp Acquires 52,463 Shares of Comfort Systems USA, Inc. $FIX

Fiera Capital Corp increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 925.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,132 shares of the construction company’s stock after purchasing an additional 52,463 shares during the quarter. Fiera Capital Corp owned approximately 0.16% of Comfort Systems USA worth $47,969,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Private Client Services LLC lifted its holdings in shares of Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after buying an additional 2,354 shares in the last quarter. Brown Advisory Inc. increased its position in Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after acquiring an additional 15,831 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after purchasing an additional 2,461 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in Comfort Systems USA in the 3rd quarter valued at about $2,392,000. Finally, Calamos Advisors LLC acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $1,527,000. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FIX shares. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a report on Friday, December 19th. Stifel Nicolaus upped their target price on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,064.50.

Comfort Systems USA Trading Up 4.2%

Shares of FIX opened at $1,375.17 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,399.00. The firm has a market cap of $48.50 billion, a price-to-earnings ratio of 58.22 and a beta of 1.67. The business’s fifty day moving average is $1,097.15 and its 200-day moving average is $925.73.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.77 by $2.60. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company earned $4.09 EPS. Comfort Systems USA’s revenue for the quarter was up 41.7% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares in the company, valued at $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the sale, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. The trade was a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,528 shares of company stock valued at $11,972,106 in the last quarter. Insiders own 1.59% of the company’s stock.

About Comfort Systems USA

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.