Geode Capital Management LLC Increases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Geode Capital Management LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 410,403 shares of the construction company’s stock after acquiring an additional 28,542 shares during the quarter. Geode Capital Management LLC’s holdings in Comfort Systems USA were worth $17,925,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Comfort Systems USA during the fourth quarter worth about $36,764,000. APG Asset Management N.V. grew its position in Comfort Systems USA by 144.3% during the fourth quarter. APG Asset Management N.V. now owns 71,100 shares of the construction company’s stock worth $2,717,000 after buying an additional 42,000 shares during the period. Amalgamated Bank acquired a new position in Comfort Systems USA during the fourth quarter worth about $250,000. Public Employees Retirement System of Ohio grew its position in Comfort Systems USA by 435.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 10,116 shares of the construction company’s stock worth $442,000 after buying an additional 8,226 shares during the period. Finally, Millennium Management LLC grew its position in Comfort Systems USA by 4.5% during the fourth quarter. Millennium Management LLC now owns 386,817 shares of the construction company’s stock worth $16,896,000 after buying an additional 16,627 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.

FIX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, April 30th. Sidoti lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Tuesday, March 12th. Finally, DA Davidson upped their target price on shares of Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, February 25th.

In other Comfort Systems USA news, Chairman Franklin Myers purchased 4,500 shares of the stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $53.61 per share, for a total transaction of $241,245.00. Following the completion of the transaction, the chairman now directly owns 239,500 shares of the company’s stock, valued at $12,839,595. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Pablo G. Mercado purchased 1,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average price of $49.38 per share, for a total transaction of $49,380.00. Following the completion of the transaction, the director now directly owns 4,262 shares of the company’s stock, valued at $210,457.56. The disclosure for this purchase can be found here. Insiders bought 7,238 shares of company stock worth $376,569 over the last quarter. Company insiders own 3.23% of the company’s stock.

Shares of FIX opened at $48.44 on Thursday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.45 and a beta of 1.37. Comfort Systems USA, Inc. has a twelve month low of $41.14 and a twelve month high of $59.83. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.14.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $538.47 million during the quarter, compared to analyst estimates of $538.80 million. Comfort Systems USA had a net margin of 5.15% and a return on equity of 23.00%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 3.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. Comfort Systems USA’s dividend payout ratio is currently 13.33%.

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About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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