Barclays PLC Has $53.39 Million Position in Comfort Systems USA, Inc. $FIX

Barclays PLC increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 96.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,704 shares of the construction company’s stock after purchasing an additional 31,775 shares during the period. Barclays PLC owned approximately 0.18% of Comfort Systems USA worth $53,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Westfield Capital Management Co. LP lifted its stake in Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after buying an additional 46,773 shares in the last quarter. Geode Capital Management LLC boosted its stake in Comfort Systems USA by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after purchasing an additional 3,032 shares during the period. AQR Capital Management LLC increased its holdings in Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after purchasing an additional 252,007 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after purchasing an additional 197,613 shares during the period. Finally, Norges Bank bought a new stake in shares of Comfort Systems USA in the second quarter valued at about $256,998,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. DA Davidson increased their target price on shares of 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. One 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $1,573.67.

Insider Transactions at Comfort Systems USA

In other news, SVP Terrence Reed sold 1,116 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the completion of the sale, the senior vice president directly owned 2,834 shares of the company’s stock, valued at $3,960,033.22. This trade represents a 28.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 8,636 shares of the business’s 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 value of $12,717,028.16. Following the transaction, the director directly owned 73,995 shares in the company, valued at $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 37,288 shares of company stock valued at $53,677,038. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,371.04 on Tuesday. 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 company’s fifty day simple moving average is $1,207.73 and its 200 day simple moving average is $989.49. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,500.00. The company has a market cap of $48.22 billion, a price-to-earnings ratio of 47.44 and a beta of 1.62.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.09 earnings per share. On average, research 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 firm 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 $0.70 dividend. This is a positive change 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 9.69%.

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.