Commerce Bank Makes New $511,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Commerce Bank acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 1,308 shares of the construction company’s stock, valued at approximately $511,000.

A number of other hedge funds also recently made changes to their positions in FIX. Comerica Bank lifted its holdings in Comfort Systems USA by 34.5% during the first quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after purchasing an additional 26,616 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at $1,484,000. Cetera Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth $971,000. WCM Investment Management LLC raised its holdings in Comfort Systems USA by 16.5% during the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after acquiring an additional 14,090 shares during the period. Finally, Schwartz Investment Counsel Inc. bought a new stake in Comfort Systems USA during the third quarter valued at about $1,327,000. 96.51% of the stock is currently owned by institutional investors.

Insider Activity at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction dated 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 owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,200 shares of company stock valued at $15,431,250. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIX. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective for the company. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $481.00.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $504.17 on Wednesday. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 38.57 and a beta of 1.13. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $510.79. The stock’s 50 day simple moving average is $419.31 and its two-hundred day simple moving average is $355.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced 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 net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $2.74 earnings per share. Comfort Systems USA’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

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.