Marietta Investment Partners LLC Has $3.50 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Marietta Investment Partners LLC boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,749 shares of the construction company’s stock after buying an additional 390 shares during the quarter. Marietta Investment Partners LLC’s holdings in Comfort Systems USA were worth $3,499,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FIX. Ethic Inc. lifted its position in shares of Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. Spire Wealth Management lifted its position in shares of Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after buying an additional 4,679 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of Comfort Systems USA by 34.0% in the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after buying an additional 7,192 shares during the last quarter. Caerus Investment Advisors LLC acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $767,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Comfort Systems USA by 3,378.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock valued at $79,079,000 after buying an additional 82,295 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 4,500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 7th. The stock was 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 trade represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider owned 161,089 shares in the company, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 in the last 90 days. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,851.88 on Thursday. The stock has a market cap of $65.19 billion, a P/E ratio of 53.43 and a beta of 1.65. The stock has a 50 day simple moving average of $1,718.44 and a 200 day simple moving average of $1,343.83. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 1-year low of $469.16 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The business 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%.The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period last year, the firm posted $4.75 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is 9.23%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FIX shares. KeyCorp raised 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 research report on Friday, April 24th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. DA Davidson raised their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Stifel Nicolaus raised their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,969.33.

Comfort Systems USA Profile

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.