Comfort Systems USA, Inc. $FIX Position Increased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 643.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,314 shares of the construction company’s stock after buying an additional 7,196 shares during the period. CIBC Asset Management Inc’s holdings in Comfort Systems USA were worth $7,759,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its holdings in Comfort Systems USA by 4.9% in the fourth quarter. Bridges Investment Management Inc. now owns 6,149 shares of the construction company’s stock worth $5,739,000 after buying an additional 286 shares during the last quarter. Dynasty Wealth Management LLC increased its holdings in Comfort Systems USA by 4.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 421 shares of the construction company’s stock worth $393,000 after buying an additional 17 shares during the last quarter. AXQ Capital LP acquired a new position in Comfort Systems USA in the fourth quarter worth approximately $344,000. Mawer Investment Management Ltd. acquired a new position in Comfort Systems USA during the fourth quarter valued at approximately $6,064,000. Finally, Ellevest Inc. acquired a new position in Comfort Systems USA during the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. UBS Group increased their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Erste Group Bank initiated coverage on Comfort Systems USA in a report on Friday. They set a “buy” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, Glj Research started coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction on Monday, May 11th. The stock was 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 directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 4,000 shares of Comfort Systems USA stock in a transaction 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 of the company’s stock, valued at approximately $65,855,938.68. The trade was a 10.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 24,078 shares of company stock valued at $46,651,175. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 3.8%

Shares of FIX stock opened at $1,841.59 on Friday. The stock has a market cap of $64.82 billion, a P/E ratio of 53.13 and a beta of 1.65. Comfort Systems USA, Inc. has a one year low of $469.16 and a one year high of $2,073.99. The stock has a fifty day moving average price of $1,735.08 and a 200 day moving average price of $1,354.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $4.75 earnings per share. Analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 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.