Silvant Capital Management LLC Takes Position in Comfort Systems USA, Inc. $FIX

Silvant Capital Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, HoldingsChannel reports. The fund bought 6,454 shares of the construction company’s stock, valued at approximately $12,792,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Comfort Systems USA in the 2nd quarter valued at $6,734,037,000. Vanguard Group Inc. grew its position in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. Norges Bank purchased a new position in Comfort Systems USA during the 4th quarter worth $469,606,000. State Street Corp increased its stake in Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after purchasing an additional 375,118 shares during the period. Finally, Geode Capital Management LLC increased its stake in Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIX has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. UBS Group set a $2,100.00 price target on Comfort Systems USA in a research report on Thursday. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. Finally, Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus target price of $2,040.00.

Insider Activity

In related news, CFO William George III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,096 shares of company stock worth $31,186,647 over the last ninety days. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,674.43 on Friday. The company has a market cap of $58.92 billion, a P/E ratio of 41.18 and a beta of 1.69. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The business has a fifty day moving average of $1,788.02 and a two-hundred day moving average of $1,655.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the prior year, the business posted $6.53 earnings per share. As a group, analysts predict that Comfort Systems USA, Inc. will post 46.77 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 Monday, August 24th. Investors of record on Thursday, August 13th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

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.