Comfort Systems USA, Inc. $FIX Shares Acquired by TD Asset Management Inc

TD Asset Management Inc lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 317.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,722 shares of the construction company’s stock after buying an additional 9,678 shares during the quarter. TD Asset Management Inc’s holdings in Comfort Systems USA were worth $11,873,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ethic Inc. boosted its stake 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 valued at $1,565,000 after purchasing an additional 748 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after purchasing an additional 39,888 shares during the period. Spire Wealth Management boosted its stake 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 valued at $5,031,000 after purchasing an additional 4,679 shares during the period. Moran Wealth Management LLC boosted its stake 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 valued at $26,465,000 after purchasing an additional 7,192 shares during the period. Finally, Caerus Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the third quarter worth $767,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In related news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers sold 4,500 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the transaction, the director owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 24,078 shares of company stock valued at $46,651,175. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FIX shares. Glj Research started coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. DA Davidson upped their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. UBS Group upped their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Stifel Nicolaus upped their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,991.50.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,851.28 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $1,744.97 and a 200 day moving average price of $1,364.02. The company has a market cap of $65.17 billion, a P/E ratio of 53.41 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $469.16 and a 12 month high of $2,073.99.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This is an increase 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 payout ratio is presently 9.23%.

Comfort Systems USA Company 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.