Russell Investments Group Ltd. Raises Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Russell Investments Group Ltd. raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,871 shares of the construction company’s stock after buying an additional 2,483 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Comfort Systems USA worth $6,972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at about $26,000. GAMMA Investing LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth about $61,000. VisionPoint Advisory Group LLC purchased a new position in shares of Comfort Systems USA in the third quarter worth about $59,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth about $125,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Comfort Systems USA in the third quarter worth about $119,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 0.7 %

Comfort Systems USA stock opened at $346.09 on Thursday. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 34.27 and a beta of 1.20. Comfort Systems USA, Inc. has a 52 week low of $144.45 and a 52 week high of $346.57. The business’s 50-day moving average price is $311.99 and its 200 day moving average price is $243.89. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $1.51 earnings per share. Comfort Systems USA’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a $0.30 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIX. DA Davidson raised their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. UBS Group raised their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, KeyCorp started coverage on Comfort Systems USA in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the sale, the director now directly owns 11,038 shares of the company’s stock, valued at $3,125,630.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the sale, the director now directly owns 11,038 shares of the company’s stock, valued at $3,125,630.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares in the company, valued at $6,307,486.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,614 shares of company stock valued at $13,739,345. Company insiders own 1.80% of the company’s stock.

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.