Barclays PLC Increases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Barclays PLC raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 23.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,848 shares of the construction company’s stock after purchasing an additional 4,331 shares during the quarter. Barclays PLC’s holdings in Comfort Systems USA were worth $8,919,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of Comfort Systems USA by 60.3% during the second quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after buying an additional 82 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Comfort Systems USA by 66.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,194 shares of the construction company’s stock worth $1,580,000 after acquiring an additional 2,073 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $370,000. Arcus Capital Partners LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $259,000. Finally, New York State Teachers Retirement System boosted its position in shares of Comfort Systems USA by 15.3% during the second quarter. New York State Teachers Retirement System now owns 25,594 shares of the construction company’s stock valued at $7,784,000 after purchasing an additional 3,405 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Stifel Nicolaus assumed 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 target for the company. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Finally, UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Price Performance

FIX opened at $454.41 on Wednesday. The firm has a market cap of $16.17 billion, a PE ratio of 34.77 and a beta of 1.18. The stock has a 50-day moving average price of $445.81 and a 200-day moving average price of $371.38. Comfort Systems USA, Inc. has a 1 year low of $194.30 and a 1 year 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.

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

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other news, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares of the company’s stock, valued at $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares in the company, valued at $2,144,220. This represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company’s stock.

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.