Intech Investment Management LLC Has $6.17 Million Stock Position in Comfort Systems USA, Inc. $FIX

Intech Investment Management LLC lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 47.5% in the 4th quarter, HoldingsChannel reports. The firm owned 6,610 shares of the construction company’s stock after selling 5,977 shares during the period. Intech Investment Management LLC’s holdings in Comfort Systems USA were worth $6,169,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. grew its stake in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the period. JFS Wealth Advisors LLC grew its stake in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the period. West Michigan Advisors LLC grew its stake in Comfort Systems USA by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock worth $717,000 after purchasing an additional 10 shares during the period. EWA LLC grew its stake in Comfort Systems USA by 2.7% during the fourth quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after purchasing an additional 10 shares during the period. Finally, Armstrong Advisory Group Inc. grew its stake in Comfort Systems USA by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock worth $264,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Stifel Nicolaus raised their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. DA Davidson raised their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Insider Activity at Comfort Systems USA

In related news, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director owned 18,035 shares of the company’s stock, valued at $24,703,260.90. The trade was a 19.97% 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, CFO William George III sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the transaction, the chief financial officer directly owned 33,804 shares in the company, valued at approximately $65,855,938.68. The trade was a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,694 shares of company stock valued at $54,374,425 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 1.5%

Shares of NYSE:FIX opened at $1,827.41 on Friday. The stock has a market cap of $64.32 billion, a price-to-earnings ratio of 52.72 and a beta of 1.70. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 12-month low of $465.05 and a 12-month high of $2,073.99. The business’s 50 day moving average is $1,692.34 and its 200 day moving average is $1,322.38.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.75 earnings per share. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.38 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

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.