Copeland Capital Management LLC Buys 1,191 Shares of Comfort Systems USA, Inc. $FIX

Copeland Capital Management LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 147.6% during the second quarter, Holdings Channel reports. The fund owned 1,998 shares of the construction company’s stock after acquiring an additional 1,191 shares during the quarter. Copeland Capital Management LLC’s holdings in Comfort Systems USA were worth $1,071,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Tradewinds Capital Management LLC increased its position in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after buying an additional 27 shares during the period. Stone House Investment Management LLC bought a new position in Comfort Systems USA in the 1st quarter worth approximately $31,000. Versant Capital Management Inc increased its position in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after buying an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after buying an additional 37 shares during the period. Finally, Brooklyn Investment Group increased its position in Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $816.51 on Friday. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $852.31. The firm has a market capitalization of $28.81 billion, a PE ratio of 41.96 and a beta of 1.58. The business’s 50 day moving average is $733.91 and its 200-day moving average is $546.75. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 EPS. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s payout ratio is presently 10.28%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIX. DA Davidson lifted their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Saturday, September 27th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $668.60.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 10,000 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the sale, the insider owned 188,046 shares of the company’s stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares in the company, valued at approximately $11,288,203.50. This represents a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.