World Investment Advisors Purchases 404 Shares of Comfort Systems USA, Inc. $FIX

World Investment Advisors boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 31.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the construction company’s stock after acquiring an additional 404 shares during the quarter. World Investment Advisors’ holdings in Comfort Systems USA were worth $1,518,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the period. Invesco Ltd. raised its position in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares during the period. AQR Capital Management LLC raised its position in shares of Comfort Systems USA by 6.8% in the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock valued at $678,475,000 after purchasing an additional 53,125 shares during the period. JPMorgan Chase & Co. raised its position in shares of Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after purchasing an additional 197,613 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Comfort Systems USA by 29.8% in the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after purchasing an additional 117,892 shares during the period. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FIX. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research report on Friday, April 24th. DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. UBS Group increased their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,923.20.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,994.37 on Friday. Comfort Systems USA, Inc. has a 52 week low of $452.04 and a 52 week high of $2,073.99. The firm has a market cap of $70.20 billion, a price-to-earnings ratio of 57.54 and a beta of 1.70. The firm’s 50-day simple moving average is $1,599.07 and its 200 day simple moving average is $1,261.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last released its quarterly 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. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm earned $4.75 earnings per share. Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be given a dividend of $0.80 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA’s payout ratio is 8.08%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director directly owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,024 shares of company stock valued at $99,678,386 in the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA 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.