Naples Money Management LLC Takes $2.26 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Naples Money Management LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,000 shares of the construction company’s stock, valued at approximately $2,262,000. Comfort Systems USA makes up approximately 2.1% of Naples Money Management LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIX. Raymond James & Associates lifted its holdings in Comfort Systems USA by 6.6% in the fourth quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock valued at $13,366,000 after acquiring an additional 4,031 shares during the period. State of Michigan Retirement System bought a new position in Comfort Systems USA in the fourth quarter valued at about $1,769,000. Redhawk Wealth Advisors Inc. bought a new position in Comfort Systems USA in the fourth quarter valued at about $1,194,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Comfort Systems USA by 131.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock valued at $1,007,000 after acquiring an additional 2,780 shares during the period. Finally, FMR LLC lifted its holdings in Comfort Systems USA by 61.0% in the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after acquiring an additional 216,200 shares during the period. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FIX shares. UBS Group upped their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. DA Davidson upped their price target on 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, KeyCorp started coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now owns 13,787 shares in the company, valued at approximately $4,135,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock worth $13,739,345 in the last quarter. 2.48% of the stock is owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $1.52 during trading on Friday, hitting $290.72. 411,217 shares of the company’s stock were exchanged, compared to its average volume of 351,946. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. Comfort Systems USA, Inc. has a 52-week low of $129.77 and a 52-week high of $335.25. The business’s 50-day simple moving average is $296.34 and its 200 day simple moving average is $228.77. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 32.19 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business posted $1.54 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio is currently 11.11%.

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.