Fiera Capital Corp Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Fiera Capital Corp acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,725 shares of the construction company’s stock, valued at approximately $1,845,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC boosted its stake in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Versant Capital Management Inc boosted its stake in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after buying an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after buying an additional 37 shares in the last quarter. Colonial Trust Co SC boosted its stake in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 67 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock valued at $39,000 after buying an additional 62 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $703.39 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a market cap of $24.82 billion, a P/E ratio of 36.15 and a beta of 1.51. The business’s fifty day moving average is $528.17 and its two-hundred day moving average is $441.01. Comfort Systems USA, Inc. has a 52 week low of $272.92 and a 52 week high of $709.40.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the firm posted $3.74 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is 9.25%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider owned 198,046 shares of the company’s stock, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 12,500 shares of the company’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 transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $22,317,532.03. This trade represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,300 shares of company stock worth $18,485,795. 1.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FIX has been the topic of several recent analyst reports. UBS Group boosted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $635.60.

Comfort Systems USA 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.