Man Group plc Has $57.85 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Man Group plc increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 115.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 136,427 shares of the construction company’s stock after buying an additional 73,226 shares during the period. Man Group plc’s holdings in Comfort Systems USA were worth $57,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock worth $1,603,242,000 after buying an additional 67,240 shares in the last quarter. FMR LLC raised its position in Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock valued at $719,645,000 after purchasing an additional 148,493 shares during the last quarter. Geode Capital Management LLC lifted its position in Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after buying an additional 21,406 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA during the 4th quarter worth about $217,771,000. Finally, Federated Hermes Inc. lifted its position in Comfort Systems USA by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock worth $198,391,000 after buying an additional 51,771 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research note on Monday, February 24th. DA Davidson lifted their target price on 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, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $517.60.

Insider Activity

In other news, Director Vance W. Tang sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now directly owns 4,998 shares of the company’s stock, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA 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 directly owns 198,046 shares of the company’s stock, valued at $85,488,536.36. The trade was a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock worth $14,642,235 in the last 90 days. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $465.85 on Thursday. The firm has a market capitalization of $16.43 billion, a P/E ratio of 31.89 and a beta of 1.48. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The business has a 50-day moving average of $364.89 and a 200-day moving average of $413.90. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating 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 firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $2.69 earnings per share. The business’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

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.