Two Sigma Investments LP Has $17.33 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Two Sigma Investments LP increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,868 shares of the construction company’s stock after buying an additional 3,193 shares during the quarter. Two Sigma Investments LP’s holdings in Comfort Systems USA were worth $17,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIX. EverSource Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after buying an additional 77 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Colonial Trust Co SC increased its holdings in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 67 shares in the last quarter. Private Trust Co. NA raised its position in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its position in Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock valued at $45,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FIX. Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Wall Street Zen cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Finally, Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $517.60.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $462.87 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The company has a 50 day simple moving average of $381.25 and a two-hundred day simple moving average of $417.08. The company has a market capitalization of $16.33 billion, a PE ratio of 31.68 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $2.69 earnings per share. Comfort Systems USA’s revenue for the quarter was up 19.1% compared to the same quarter last year. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.39%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is 10.80%.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider now owns 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the sale, the director now directly owns 7,236 shares of the company’s stock, valued at $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,800 shares of company stock worth $14,642,235. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA 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.