Penobscot Investment Management Company Inc. Buys 343 Shares of Comfort Systems USA, Inc. $FIX

Penobscot Investment Management Company Inc. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,498 shares of the construction company’s stock after buying an additional 343 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Comfort Systems USA were worth $8,961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FIX. Ameriflex Group Inc. boosted its stake in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA in the fourth quarter worth $33,000. Farmers & Merchants Investments Inc. boosted its position in shares of 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 in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of 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 in the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the transaction, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director directly owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,778 shares of company stock valued at $59,746,124 in the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on FIX. UBS Group upped their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research note on Friday, April 24th. Glj Research started coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,991.50.

Comfort Systems USA Stock Down 6.2%

Shares of FIX stock opened at $1,682.03 on Wednesday. Comfort Systems USA, Inc. has a 12-month low of $513.99 and a 12-month high of $2,073.99. 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 firm has a fifty day moving average of $1,884.14 and a 200-day moving average of $1,500.61. The company has a market capitalization of $59.21 billion, a price-to-earnings ratio of 48.53 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.75 EPS. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a dividend of $0.80 per share. This is an increase 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%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is currently 9.23%.

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.