Waddell & Associates LLC Raises Stake in Comfort Systems USA, Inc. $FIX

Waddell & Associates LLC grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 45.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,144 shares of the construction company’s stock after acquiring an additional 355 shares during the quarter. Waddell & Associates LLC’s holdings in Comfort Systems USA were worth $1,068,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. Geode Capital Management LLC lifted its stake in Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Invesco Ltd. lifted its stake in Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after purchasing an additional 73,727 shares during the last quarter. AQR Capital Management LLC boosted its position in Comfort Systems USA by 6.8% during the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock valued at $678,475,000 after buying an additional 53,125 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Comfort Systems USA by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after buying an additional 197,613 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Up 0.4%

FIX opened at $1,851.28 on Tuesday. Comfort Systems USA, Inc. has a one year low of $469.16 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The business has a 50 day simple moving average of $1,744.97 and a two-hundred day simple moving average of $1,364.02. The firm has a market capitalization of $65.17 billion, a price-to-earnings ratio of 53.41 and a beta of 1.66.

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

Comfort Systems USA Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on FIX shares. 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 target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Oppenheimer began coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Finally, Glj Research started coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $1,991.50.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the transaction, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. The trade was a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,078 shares of company stock valued at $46,651,175 over the last quarter. 1.24% of the stock is owned by company insiders.

About Comfort Systems USA

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.