Ontario Teachers Pension Plan Board Decreases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Ontario Teachers Pension Plan Board lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 62.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,449 shares of the construction company’s stock after selling 2,383 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Comfort Systems USA were worth $566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FIX. CANADA LIFE ASSURANCE Co boosted its position in shares of Comfort Systems USA by 14.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company’s stock worth $7,594,000 after purchasing an additional 3,059 shares in the last quarter. Shell Asset Management Co. grew its stake in shares of Comfort Systems USA by 36.9% in the first quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company’s stock worth $502,000 after acquiring an additional 426 shares during the period. CreativeOne Wealth LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at $1,044,000. Axxcess Wealth Management LLC purchased a new position in Comfort Systems USA in the first quarter worth about $206,000. Finally, 1832 Asset Management L.P. purchased a new stake in Comfort Systems USA during the first quarter valued at approximately $2,383,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was 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 in the company, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FIX has been the subject of a number of analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price objective on the stock. Finally, UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $396.00 to $525.00 in a research note on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $466.33.

Comfort Systems USA Stock Up 3.1 %

Shares of FIX opened at $491.09 on Friday. The stock’s 50-day moving average price is $407.56 and its 200-day moving average price is $351.45. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 37.57 and a beta of 1.13. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $494.37. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business earned $2.74 EPS. Comfort Systems USA’s quarterly revenue was up 31.5% on a year-over-year basis. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.35 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

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.