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

Marietta Investment Partners LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ethic Inc. increased its holdings 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 worth $1,565,000 after acquiring an additional 748 shares in the last quarter. Spire Wealth Management increased its holdings 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 worth $5,031,000 after acquiring an additional 4,679 shares in the last quarter. Moran Wealth Management LLC increased its holdings 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 worth $26,465,000 after acquiring an additional 7,192 shares in the last quarter. Caerus Investment Advisors LLC bought a new stake in shares of Comfort Systems USA in the third quarter worth about $767,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings 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 worth $79,079,000 after acquiring an additional 82,295 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the 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 value of $8,561,565.00. Following the transaction, the director directly owned 68,983 shares of the company’s stock, valued at $131,244,986.31. This trade represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,078 shares of company stock valued at $46,651,175 in the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Down 1.7%

NYSE:FIX opened at $1,851.88 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a market cap of $65.19 billion, a PE ratio of 53.43 and a beta of 1.65. Comfort Systems USA, Inc. has a 52-week low of $469.16 and a 52-week high of $2,073.99. The stock has a 50-day simple moving average of $1,718.44 and a 200 day simple moving average of $1,343.83.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period last year, the company earned $4.75 earnings per share. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 9.23%.

Analysts Set New Price Targets

Several brokerages have issued reports on FIX. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. DA Davidson increased their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus target price 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.