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

EULAV Asset Management boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 80.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 145,103 shares of the construction company's stock after acquiring an additional 64,500 shares during the period. Comfort Systems USA accounts for 1.4% of EULAV Asset Management's portfolio, making the stock its 21st largest position. EULAV Asset Management owned 0.41% of Comfort Systems USA worth $56,641,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors grew its holdings in shares of Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after buying an additional 451,852 shares during the period. Federated Hermes Inc. grew its holdings in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock valued at $126,461,000 after buying an additional 8,578 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $138,987,000. Millennium Management LLC grew its holdings in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after buying an additional 283,416 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after buying an additional 173,709 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity

In related news, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now owns 37,193 shares of the company's stock, valued at approximately $12,503,914.67. This trade represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now directly owns 9,036 shares of the company's stock, valued at $3,699,880.56. This represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Performance

NYSE:FIX traded up $2.06 during trading hours on Wednesday, reaching $476.49. The stock had a trading volume of 423,532 shares, compared to its average volume of 383,444. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a 50 day simple moving average of $404.71 and a 200 day simple moving average of $350.57. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $481.80. The stock has a market cap of $16.96 billion, a P/E ratio of 36.29 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business posted $2.74 earnings per share. The business's revenue for the quarter was up 31.5% on a year-over-year basis. On average, research analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date is 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 dividend yield of 0.29%. Comfort Systems USA's payout ratio is 10.71%.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Company 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.