Comfort Systems USA, Inc. $FIX Shares Sold by The Manufacturers Life Insurance Company

by · The Cerbat Gem

The Manufacturers Life Insurance Company trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,082 shares of the construction company’s stock after selling 2,140 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Comfort Systems USA were worth $33,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA in the 4th quarter worth approximately $28,000. CENTRAL TRUST Co acquired a new stake in Comfort Systems USA during the 1st quarter valued at approximately $46,000. Ascentis Independent Advisors acquired a new stake in Comfort Systems USA during the 1st quarter valued at approximately $46,000. Brown Lisle Cummings Inc. purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $47,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 1.8%

Comfort Systems USA stock opened at $1,728.56 on Friday. The firm has a market cap of $60.83 billion, a PE ratio of 42.51 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99. The stock’s 50 day simple moving average is $1,817.97 and its two-hundred day simple moving average is $1,591.10. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.53 EPS. Analysts anticipate that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is currently 8.85%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,778 shares of company stock valued at $56,257,229 in the last quarter. 1.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FIX has been the topic of a number of research reports. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research note on Monday. UBS Group boosted their target price on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research report on Monday. KeyCorp upped their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and an average target price of $2,057.86.

View Our Latest Stock Analysis on Comfort Systems USA

Comfort Systems USA Profile

(Free Report)

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.

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