Knights of Columbus Asset Advisors LLC Raises Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Knights of Columbus Asset Advisors LLC boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 35.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,874 shares of the construction company’s stock after purchasing an additional 6,731 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Comfort Systems USA were worth $5,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIX. BlackRock Inc. lifted its holdings in Comfort Systems USA by 2.3% in the 1st quarter. BlackRock Inc. now owns 6,016,801 shares of the construction company’s stock valued at $878,212,000 after purchasing an additional 136,122 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Comfort Systems USA by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company’s stock valued at $379,399,000 after buying an additional 39,263 shares during the last quarter. Capital World Investors lifted its stake in shares of Comfort Systems USA by 32.3% in the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after buying an additional 570,560 shares in the last quarter. Invesco Ltd. boosted its position in Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after acquiring an additional 50,001 shares during the last quarter. Finally, State Street Corp boosted its position in Comfort Systems USA by 1.5% during the second quarter. State Street Corp now owns 1,241,335 shares of the construction company’s stock worth $203,827,000 after acquiring an additional 18,337 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $290.72 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. The firm has a market cap of $10.38 billion, a P/E ratio of 32.30 and a beta of 1.19. The firm’s 50 day moving average price is $297.34 and its 200-day moving average price is $229.64. Comfort Systems USA, Inc. has a one year low of $129.77 and a one year high of $335.25.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp started coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. DA Davidson upped their target price on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, UBS Group lifted their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,800 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the sale, the director now owns 43,741 shares of the company’s stock, valued at $13,848,400.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO William George III sold 8,429 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 3,800 shares of Comfort Systems USA stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total value of $1,203,080.00. Following the completion of the transaction, the director now owns 43,741 shares of the company’s stock, valued at $13,848,400.60. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock valued at $13,739,345 in the last three months. 2.48% of the stock is owned by corporate insiders.

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.