Everence Capital Management Inc. Invests $271,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Everence Capital Management Inc. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 640 shares of the construction company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. State Street Corp boosted its holdings in Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after purchasing an additional 6,496 shares during the period. Geode Capital Management LLC increased its stake in Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares during the period. Federated Hermes Inc. raised its holdings in Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after acquiring an additional 8,578 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $138,987,000. Finally, Millennium Management LLC increased its holdings in Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after buying an additional 283,416 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,200 shares of company stock worth $15,431,250. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $451.97 on Wednesday. The firm has a market cap of $16.09 billion, a PE ratio of 34.58 and a beta of 1.23. Comfort Systems USA, Inc. has a 52 week low of $194.30 and a 52 week high of $510.79. The firm’s fifty day moving average is $452.85 and its 200-day moving average is $383.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company posted $2.74 EPS. The business’s revenue was up 31.5% on a year-over-year basis. Sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is 10.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FIX. UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $493.50.

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.