Canada Post Corp Registered Pension Plan Buys Shares of 890 Comfort Systems USA, Inc. $FIX

Canada Post Corp Registered Pension Plan bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 890 shares of the construction company’s stock, valued at approximately $831,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ethic Inc. raised its holdings in Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. Spire Wealth Management raised its holdings in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after buying an additional 4,679 shares during the last quarter. Caerus Investment Advisors LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at approximately $767,000. Moran Wealth Management LLC raised its holdings in Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after buying an additional 7,192 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Comfort Systems USA by 50.1% in the 3rd quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock valued at $6,420,000 after buying an additional 2,598 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a report on Friday, April 24th. Stifel Nicolaus raised 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 report on Thursday, April 16th. UBS Group raised 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 report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Seven equities 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,923.20.

Insiders Place Their Bets

In related news, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the sale, the director directly owned 68,983 shares in the company, valued at $131,244,986.31. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pablo G. Mercado sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $1,779.78, for a total value of $889,890.00. Following the completion of the sale, the director owned 3,000 shares in the company, valued at $5,339,340. The trade was a 14.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,024 shares of company stock valued at $99,678,386 over the last three months. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,851.78 on Tuesday. The business’s 50 day simple moving average is $1,609.19 and its 200 day simple moving average is $1,269.53. Comfort Systems USA, Inc. has a one year low of $452.04 and a one year high of $2,073.99. The stock has a market capitalization of $65.18 billion, a PE ratio of 53.43 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the business posted $4.75 earnings per share. The firm’s revenue was up 56.5% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be issued a $0.80 dividend. The ex-dividend date is Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 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.