Mackenzie Financial Corp Sells 206 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Mackenzie Financial Corp trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,274 shares of the construction company’s stock after selling 206 shares during the quarter. Mackenzie Financial Corp’s holdings in Comfort Systems USA were worth $673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Invesco Ltd. increased its stake in Comfort Systems USA by 3.9% in the 3rd quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after acquiring an additional 50,001 shares during the last quarter. Baillie Gifford & Co. bought a new position in Comfort Systems USA in the 3rd quarter worth about $202,433,000. FMR LLC increased its stake in Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after acquiring an additional 216,200 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Comfort Systems USA by 30.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock worth $81,244,000 after acquiring an additional 112,185 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Comfort Systems USA by 2.3% in the 3rd quarter. Federated Hermes Inc. now owns 425,840 shares of the construction company’s stock worth $72,567,000 after acquiring an additional 9,634 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now owns 13,787 shares of the company’s stock, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Darcy Anderson sold 3,800 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the completion of the transaction, the director now owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the transaction, the director now directly owns 13,787 shares of the company’s stock, valued at approximately $4,135,548.52. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock valued at $13,739,345 in the last 90 days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. DA Davidson upped their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. UBS Group upped their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, KeyCorp started coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Comfort Systems USA Trading Up 1.0 %

Shares of FIX stock opened at $311.65 on Friday. The stock has a market capitalization of $11.12 billion, a PE ratio of 34.63 and a beta of 1.19. Comfort Systems USA, Inc. has a 1-year low of $129.77 and a 1-year high of $335.25. The business has a 50-day moving average of $302.17 and a 200 day moving average of $233.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.40. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. Comfort Systems USA’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.54 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s payout ratio is 11.11%.

Comfort Systems USA Company 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.