Vanguard Personalized Indexing Management LLC Boosts Position in Comfort Systems USA, Inc. (NYSE:FIX)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,911 shares of the construction company’s stock after acquiring an additional 448 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Comfort Systems USA were worth $393,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FIX. Byrne Asset Management LLC acquired a new position in Comfort Systems USA during the fourth quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $59,000. GAMMA Investing LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $61,000. Spire Wealth Management purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth about $61,000. Finally, Principal Securities Inc. acquired a new stake in Comfort Systems USA during the fourth quarter worth about $116,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIX has been the subject of a number of analyst reports. DA Davidson boosted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. UBS Group boosted their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Saturday.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $342.32 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12-month low of $144.45 and a 12-month high of $352.45. The business’s 50 day moving average is $317.65 and its two-hundred day moving average is $257.18. The company has a market capitalization of $12.23 billion, a P/E ratio of 33.89 and a beta of 1.20.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 EPS. Analysts expect that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.35%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s payout ratio is currently 11.88%.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 988 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the sale, the director now directly owns 11,173 shares in the company, valued at approximately $3,832,339. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the sale, the director now owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the transaction, the director now directly owns 11,173 shares in the company, valued at $3,832,339. The disclosure for this sale can be found here. Insiders sold 51,102 shares of company stock valued at $15,285,379 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

About Comfort Systems USA

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.