CI Investments Inc. Purchases 1,177 Shares of Comfort Systems USA, Inc. $FIX

CI Investments Inc. lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 14.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,249 shares of the construction company’s stock after purchasing an additional 1,177 shares during the period. CI Investments Inc.’s holdings in Comfort Systems USA were worth $7,632,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares during the period. Focus Partners Wealth grew its stake in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC increased its position in Comfort Systems USA by 40.9% during the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after acquiring an additional 313 shares during the period. Assetmark Inc. raised its stake in Comfort Systems USA by 94.2% during the 2nd quarter. Assetmark Inc. now owns 600 shares of the construction company’s stock valued at $322,000 after purchasing an additional 291 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in Comfort Systems USA by 7.8% in the 2nd quarter. Atria Investments Inc now owns 3,118 shares of the construction company’s stock valued at $1,672,000 after purchasing an additional 226 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the transaction, the director directly owned 73,995 shares of the company’s stock, valued at $108,962,077.20. This trade represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Constance Ellen Skidmore sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,425,000.00. Following the completion of the transaction, the director owned 12,627 shares in the company, valued at approximately $17,993,475. This trade represents a 7.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 31,001 shares of company stock valued at $44,976,027. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Up 2.8%

NYSE FIX opened at $1,429.71 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $1,185.24 and its two-hundred day moving average is $973.90. The company has a market capitalization of $50.28 billion, a price-to-earnings ratio of 49.47 and a beta of 1.63. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,500.00.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group restated a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a research note on Monday, February 23rd. Wall Street Zen downgraded 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 report on Wednesday, January 21st. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average target price of $1,573.67.

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.