Caisse DE Depot ET Placement DU Quebec Acquires New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Caisse DE Depot ET Placement DU Quebec bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,688 shares of the construction company’s stock, valued at approximately $10,027,000.

Several other hedge funds also recently bought and sold shares of FIX. Atria Investments Inc acquired a new stake in shares of Comfort Systems USA during the first quarter worth about $1,192,000. Cetera Investment Advisers raised its holdings in Comfort Systems USA by 75.5% during the 1st quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company’s stock worth $1,945,000 after buying an additional 2,633 shares during the period. Cetera Advisors LLC bought a new position in Comfort Systems USA in the first quarter valued at approximately $971,000. GAMMA Investing LLC lifted its stake in Comfort Systems USA by 13.6% in the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock valued at $107,000 after buying an additional 42 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of Comfort Systems USA by 36.1% in the second quarter. Kingswood Wealth Advisors LLC now owns 3,847 shares of the construction company’s stock valued at $1,170,000 after buying an additional 1,021 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on FIX. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. 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 objective for the company. Finally, Stifel Nicolaus began coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $489.53 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a 50-day moving average of $428.25 and a 200-day moving average of $360.21. The stock has a market capitalization of $17.42 billion, a price-to-earnings ratio of 37.45 and a beta of 1.13. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $510.79.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.29%. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 over the last quarter. 1.80% of the stock is currently owned by 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.