Mount Lucas Management LP Has $857,000 Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mount Lucas Management LP grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 86.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,660 shares of the construction company’s stock after buying an additional 1,237 shares during the period. Mount Lucas Management LP’s holdings in Comfort Systems USA were worth $857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FIX. Norges Bank acquired a new position in Comfort Systems USA in the 4th quarter worth $196,154,000. GAMMA Investing LLC lifted its holdings in shares of Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company’s stock valued at $81,974,000 after purchasing an additional 253,677 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after buying an additional 250,085 shares during the period. Voya Investment Management LLC grew its holdings in shares of Comfort Systems USA by 824.2% during the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock worth $98,985,000 after buying an additional 208,283 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC grew its holdings in shares of Comfort Systems USA by 307.2% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company’s stock worth $87,239,000 after buying an additional 155,204 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIX. Wall Street Zen downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. DA Davidson raised their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Finally, Stifel Nicolaus boosted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $572.60.

Comfort Systems USA Stock Performance

NYSE FIX opened at $533.47 on Wednesday. The firm has a market capitalization of $18.82 billion, a P/E ratio of 32.00 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $503.56 and its two-hundred day moving average price is $431.33. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $559.36.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the firm earned $2.69 EPS. Comfort Systems USA’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, research 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 was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.34%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Insider Activity at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the stock in a transaction 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 sale, the director owned 4,998 shares in the company, valued at approximately $2,109,156. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 12,500 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock worth $18,696,795 in the last three months. 1.59% of the stock is owned by company insiders.

About Comfort Systems USA

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.