Harvest Fund Management Co. Ltd Purchases 594 Shares of Comfort Systems USA, Inc. $FIX

Harvest Fund Management Co. Ltd lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 63.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,526 shares of the construction company’s stock after buying an additional 594 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Comfort Systems USA were worth $1,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. VMS Asset Management Limited bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $2,809,000. Prudential PLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $6,922,000. Vise Technologies Inc. raised its holdings in shares of Comfort Systems USA by 139.5% during the fourth quarter. Vise Technologies Inc. now owns 752 shares of the construction company’s stock valued at $702,000 after purchasing an additional 438 shares during the last quarter. Globeflex Capital L P raised its holdings in shares of Comfort Systems USA by 36.7% during the fourth quarter. Globeflex Capital L P now owns 4,765 shares of the construction company’s stock valued at $4,447,000 after purchasing an additional 1,278 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Comfort Systems USA by 782.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 12,357 shares of the construction company’s stock valued at $11,532,000 after purchasing an additional 10,956 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the sale, the director directly owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,078 shares of company stock valued at $46,651,175 in the last quarter. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FIX. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a report on Friday, April 24th. DA Davidson boosted their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Erste Group Bank began coverage on shares of Comfort Systems USA in a report on Friday. They set a “buy” rating for the company. Finally, Oppenheimer began coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 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 stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and an average target price of $1,969.33.

Comfort Systems USA Stock Down 3.8%

FIX opened at $1,841.59 on Friday. 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 50 day moving average price of $1,735.08 and a 200-day moving average price of $1,354.40. Comfort Systems USA, Inc. has a twelve month low of $469.16 and a twelve month high of $2,073.99. The stock has a market capitalization of $64.82 billion, a price-to-earnings ratio of 53.13 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company earned $4.75 earnings per share. The firm’s revenue was up 56.5% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced 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. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 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.