Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 126 shares of the construction company’s stock after buying an additional 28 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Comfort Systems USA were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Covestor Ltd grew its position in shares of Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after buying an additional 31 shares in the last quarter. Signaturefd LLC grew its position in shares of Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after buying an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Comfort Systems USA by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock worth $746,000 after buying an additional 34 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Comfort Systems USA by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock worth $407,000 after buying an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP grew its position in shares of Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after buying an additional 40 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $504.62 on Friday. Comfort Systems USA, Inc. has a 12 month low of $200.15 and a 12 month high of $510.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a 50 day simple moving average of $462.59 and a 200-day simple moving average of $392.61. The stock has a market capitalization of $17.96 billion, a PE ratio of 38.61 and a beta of 1.23.

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, topping the consensus estimate 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $2.74 earnings per share. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.35 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.28%. Comfort Systems USA’s dividend payout ratio is 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,200 shares of company stock valued at $15,431,250. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FIX. UBS Group boosted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Finally, Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $493.50.

About Comfort Systems USA

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.