Harbor Capital Advisors Inc. Buys 125 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Harbor Capital Advisors Inc. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,448 shares of the construction company’s stock after buying an additional 125 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.06% of Comfort Systems USA worth $9,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the 3rd quarter valued at $38,000. V Square Quantitative Management LLC grew its position in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares during the last quarter. True Wealth Design LLC acquired a new position in Comfort Systems USA during the 3rd quarter valued at about $53,000. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIX shares. UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Stifel Nicolaus initiated coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. Finally, StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $493.50.

Insider Activity

In related news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Down 3.3 %

Shares of Comfort Systems USA stock traded down $14.73 during trading hours on Friday, reaching $435.54. 69,776 shares of the company were exchanged, compared to its average volume of 325,650. The stock’s fifty day moving average is $456.36 and its 200 day moving average is $385.11. The firm has a market cap of $15.50 billion, a PE ratio of 33.32 and a beta of 1.23. Comfort Systems USA, Inc. has a 1 year low of $198.30 and a 1 year high of $510.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.74 earnings per share. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

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.