Motley Fool Asset Management LLC Takes $516,000 Position in Comfort Systems USA, Inc. $FIX

Motley Fool Asset Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 553 shares of the construction company’s stock, valued at approximately $516,000.

A number of other institutional investors also recently modified their holdings of FIX. Focus Partners Advisor Solutions LLC raised its holdings in Comfort Systems USA by 8.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 5,319 shares of the construction company’s stock worth $4,965,000 after acquiring an additional 412 shares in the last quarter. Westerkirk Capital Inc. bought a new stake in Comfort Systems USA during the fourth quarter worth about $1,015,000. Fox Run Management L.L.C. bought a new stake in Comfort Systems USA during the fourth quarter worth about $482,000. Waddell & Associates LLC raised its holdings in Comfort Systems USA by 45.0% during the fourth quarter. Waddell & Associates LLC now owns 1,144 shares of the construction company’s stock worth $1,068,000 after acquiring an additional 355 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Comfort Systems USA by 25.4% during the fourth quarter. Cerity Partners LLC now owns 41,391 shares of the construction company’s stock worth $38,630,000 after acquiring an additional 8,377 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the transaction, the chief financial officer owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,078 shares of company stock valued at $46,651,175. Company insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Oppenheimer assumed coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Erste Group Bank assumed coverage on Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating on the stock. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,991.50.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,713.52 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $1,763.06 and its two-hundred day moving average price is $1,376.26. The firm has a market capitalization of $60.32 billion, a price-to-earnings ratio of 49.44 and a beta of 1.65. Comfort Systems USA, Inc. has a 12-month low of $486.73 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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 firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.75 earnings per share. On average, analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a $0.80 dividend. 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 yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 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.