Comfort Systems USA, Inc. $FIX Stock Bought by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 111.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,515 shares of the construction company’s stock after acquiring an additional 16,101 shares during the period. Comfort Systems USA makes up 1.2% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 27th largest holding. Zevenbergen Capital Investments LLC’s holdings in Comfort Systems USA were worth $50,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $26,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $32,000. Field & Main Bank purchased a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $32,000. Carolina Wealth Advisors LLC grew its stake in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after buying an additional 7 shares during the last quarter. Finally, Glynn Capital Management LLC increased its position in Comfort Systems USA by 58.3% during the 3rd quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of several analyst reports. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. UBS Group restated a “buy” rating on shares of Comfort Systems USA in a report on Tuesday, September 15th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, DA Davidson began coverage on shares of Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,082.86.

Insider Activity

In related news, Director Franklin Myers sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,078 shares of company stock valued at $43,211,828 over the last three months. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 1.8%

Shares of FIX stock traded down $31.46 during mid-day trading on Thursday, hitting $1,709.90. The company’s stock had a trading volume of 373,125 shares, compared to its average volume of 432,511. The stock has a market cap of $60.17 billion, a price-to-earnings ratio of 42.05 and a beta of 1.66. 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, Inc. has a 52-week low of $770.47 and a 52-week high of $2,073.99. The business has a 50-day moving average price of $1,662.46 and a 200 day moving average price of $1,721.84.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $6.53 EPS. Comfort Systems USA’s revenue for the quarter was up 50.3% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.