Artemis Investment Management LLP Buys 35,955 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Artemis Investment Management LLP boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 55.8% in the fourth quarter, HoldingsChannel reports. The firm owned 100,353 shares of the construction company’s stock after acquiring an additional 35,955 shares during the period. Artemis Investment Management LLP’s holdings in Comfort Systems USA were worth $42,556,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FIX. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA during the third quarter valued at approximately $38,000. V Square Quantitative Management LLC increased its stake in Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares in the last quarter. True Wealth Design LLC acquired a new stake in Comfort Systems USA in the third quarter worth $53,000. Finally, Contravisory Investment Management Inc. boosted its position 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 purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on FIX shares. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective for the company. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $504.62 on Friday. 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 firm has a market cap of $17.96 billion, a price-to-earnings ratio of 38.61 and a beta of 1.23. The stock’s 50-day moving average is $462.59 and its 200-day moving average is $392.61. Comfort Systems USA, Inc. has a one year low of $200.15 and a one year high of $510.79.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $2.74 EPS. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.28%. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the firm’s 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 in the company, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction dated Monday, October 28th. The shares were 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 in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company’s stock.

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.