EULAV Asset Management Boosts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

EULAV Asset Management boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 80.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,103 shares of the construction company’s stock after buying an additional 64,500 shares during the period. Comfort Systems USA makes up 1.4% of EULAV Asset Management’s investment portfolio, making the stock its 21st biggest holding. EULAV Asset Management’s holdings in Comfort Systems USA were worth $56,641,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIX. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA during the 3rd quarter valued at about $38,000. Opal Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the second quarter worth $41,000. V Square Quantitative Management LLC boosted its holdings in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. grew its position in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 5.2 %

Comfort Systems USA stock opened at $474.34 on Wednesday. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $474.73. The business’s fifty day moving average is $401.57 and its 200 day moving average is $349.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $16.88 billion, a PE ratio of 36.29 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company earned $2.74 earnings per share. The firm’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 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In related news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the transaction, the chairman now owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated 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 completion of the transaction, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,746 shares of company stock worth $14,684,140. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

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

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.