11,000 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Purchased by Naples Money Management LLC

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

A number of other large investors also recently bought and sold shares of FIX. Byrne Asset Management LLC purchased a new stake in Comfort Systems USA during the 4th quarter worth approximately $26,000. Point72 Asset Management L.P. purchased a new stake in Comfort Systems USA during the 2nd quarter worth approximately $35,000. Brown Brothers Harriman & Co. increased its stake in Comfort Systems USA by 2,814.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after buying an additional 394 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Comfort Systems USA by 172.9% during the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after buying an additional 230 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in Comfort Systems USA by 2,410.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock worth $43,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $1.52 during trading hours on Friday, reaching $290.72. The company had a trading volume of 411,217 shares, compared to its average volume of 351,946. Comfort Systems USA, Inc. has a 12-month low of $129.77 and a 12-month high of $335.25. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 32.19 and a beta of 1.19. The stock has a fifty day moving average of $296.34 and a 200-day moving average of $228.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

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

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the transaction, the director now owns 43,741 shares in the company, valued at $13,848,400.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,614 shares of company stock worth $13,739,345. Insiders own 2.48% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of analyst reports. UBS Group upped their price target on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. KeyCorp initiated coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, DA Davidson upped their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

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.