Goldman Sachs Group Inc. Grows Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Goldman Sachs Group Inc. grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 73.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 269,068 shares of the construction company’s stock after buying an additional 114,115 shares during the period. Goldman Sachs Group Inc. owned approximately 0.75% of Comfort Systems USA worth $55,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. UBS Group AG grew its position in Comfort Systems USA by 203.2% in the third quarter. UBS Group AG now owns 21,249 shares of the construction company’s stock worth $3,621,000 after acquiring an additional 14,241 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Comfort Systems USA by 6.5% in the 3rd quarter. Deutsche Bank AG now owns 21,379 shares of the construction company’s stock worth $3,643,000 after purchasing an additional 1,296 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Comfort Systems USA by 45.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,221 shares of the construction company’s stock valued at $2,514,000 after purchasing an additional 4,417 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $944,000. Finally, Envestnet Asset Management Inc. lifted its position in Comfort Systems USA by 32.3% in the third quarter. Envestnet Asset Management Inc. now owns 121,795 shares of the construction company’s stock worth $20,755,000 after buying an additional 29,747 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

FIX opened at $326.74 on Wednesday. The business has a fifty day moving average of $318.75 and a 200 day moving average of $272.76. The stock has a market cap of $11.67 billion, a P/E ratio of 32.35 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52-week low of $151.89 and a 52-week high of $352.45.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business’s revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 11.9 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. Comfort Systems USA’s dividend payout ratio (DPR) is 11.88%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FIX. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. DA Davidson upped their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th.

Insider Activity

In related news, Director Vance W. Tang sold 988 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the transaction, the director now owns 11,173 shares of the company’s stock, valued at $3,832,339. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Vance W. Tang sold 988 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the sale, the director now directly owns 11,173 shares in the company, valued at $3,832,339. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 3,473 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the transaction, the director now owns 8,198 shares in the company, valued at $2,541,380. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,961 shares of company stock valued at $2,622,664. Corporate insiders own 1.80% of the company’s stock.

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.