Nisa Investment Advisors LLC Increases Stake in Comfort Systems USA, Inc. $FIX

Nisa Investment Advisors LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,234 shares of the construction company’s stock after acquiring an additional 449 shares during the period. Nisa Investment Advisors LLC’s holdings in Comfort Systems USA were worth $11,418,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew 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 worth $6,420,000 after acquiring an additional 2,598 shares during the last quarter. Private Client Services LLC increased its position in shares of Comfort Systems USA by 624.4% in the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after acquiring an additional 2,354 shares during the period. Caerus Investment Advisors LLC bought a new position in shares of Comfort Systems USA during the third quarter valued at about $767,000. Brown Advisory Inc. raised its stake in shares of Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after acquiring an additional 15,831 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Comfort Systems USA by 19.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after purchasing an additional 2,461 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,427.42 on Thursday. The stock has a market cap of $50.20 billion, a price-to-earnings ratio of 49.39 and a beta of 1.59. The business’s fifty day moving average is $1,328.93 and its 200 day moving average is $1,068.36. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm posted $4.09 earnings per share. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 8,636 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the sale, the director owned 73,995 shares in the company, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the transaction, the insider directly owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,288 shares of company stock worth $53,677,038 over the last 90 days. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a research report on Monday, February 23rd. DA Davidson lifted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $1,573.67.

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.