EULAV Asset Management Purchases 64,500 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

EULAV Asset Management raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 80.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,103 shares of the construction company’s stock after purchasing an additional 64,500 shares during the period. Comfort Systems USA makes up about 1.4% of EULAV Asset Management’s investment portfolio, making the stock its 21st biggest holding. EULAV Asset Management owned about 0.41% of Comfort Systems USA worth $56,641,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FIX. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $38,000. Opal Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the second quarter valued at approximately $41,000. V Square Quantitative Management LLC increased its position 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 acquiring an additional 47 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,746 shares of company stock worth $14,684,140. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Comfort Systems USA Price Performance

FIX stock opened at $474.34 on Wednesday. The company has a 50 day simple moving average of $401.57 and a 200 day simple moving average of $349.45. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 36.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $474.73.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.74 EPS. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. Research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

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.