Allspring Global Investments Holdings LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,161 shares of the construction company’s stock after buying an additional 20,787 shares during the period. Allspring Global Investments Holdings LLC owned about 0.29% of Comfort Systems USA worth $21,423,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Comfort Systems USA by 2.3% during the first quarter. BlackRock Inc. now owns 6,016,801 shares of the construction company’s stock worth $878,212,000 after buying an additional 136,122 shares during the last quarter. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company’s stock worth $379,399,000 after buying an additional 39,263 shares during the last quarter. Capital World Investors boosted its position in Comfort Systems USA by 32.3% during the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after purchasing an additional 570,560 shares during the period. Invesco Ltd. boosted its position in Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after purchasing an additional 50,001 shares during the period. Finally, State Street Corp boosted its position in Comfort Systems USA by 1.5% during the second quarter. State Street Corp now owns 1,241,335 shares of the construction company’s stock worth $203,827,000 after purchasing an additional 18,337 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on FIX. KeyCorp began coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. DA Davidson increased their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, UBS Group increased their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th.
Check Out Our Latest Analysis on FIX
Insider Activity at Comfort Systems USA
In related news, 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 sale, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 sale, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock valued at $13,739,345 over the last three months. 2.48% of the stock is owned by corporate insiders.
Comfort Systems USA Price Performance
FIX stock opened at $307.58 on Friday. The firm has a 50 day moving average of $290.74 and a 200-day moving average of $225.62. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 12 month low of $129.77 and a 12 month high of $335.25. The firm has a market capitalization of $10.98 billion, a P/E ratio of 34.18 and a beta of 1.19.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $1.54 earnings per share. Comfort Systems USA’s revenue was up 21.5% compared to the same quarter last year. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.
Comfort Systems USA Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio is currently 11.11%.
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.
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