Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 89.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 288 shares of the construction company’s stock after purchasing an additional 136 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Comfort Systems USA were worth $122,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FIX. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares during the last quarter. Covestor Ltd grew its position in shares of Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after acquiring an additional 31 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after acquiring an additional 32 shares during the period. OneDigital Investment Advisors LLC lifted its position in Comfort Systems USA by 1.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after purchasing an additional 34 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Comfort Systems USA by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after purchasing an additional 35 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Up 2.3 %

Shares of Comfort Systems USA stock opened at $505.25 on Friday. The business has a fifty day simple moving average of $461.74 and a 200-day simple moving average of $390.46. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 38.66 and a beta of 1.23. Comfort Systems USA, Inc. has a fifty-two week low of $198.30 and a fifty-two week high of $510.79. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 earnings per share. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $493.50.

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.