Comfort Systems USA, Inc. (FIX) Stake Increased by Copeland Capital Management LLC

Copeland Capital Management LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 7.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 335,608 shares of the construction company’s stock after buying an additional 22,014 shares during the quarter. Copeland Capital Management LLC’s holdings in Comfort Systems USA were worth $17,582,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FIX. Deutsche Bank AG boosted its stake in Comfort Systems USA by 30.6% during the third quarter. Deutsche Bank AG now owns 274,078 shares of the construction company’s stock worth $15,455,000 after buying an additional 64,273 shares during the last quarter. Jane Street Group LLC acquired a new position in Comfort Systems USA during the third quarter worth $469,000. MetLife Investment Advisors LLC boosted its stake in Comfort Systems USA by 46.4% during the third quarter. MetLife Investment Advisors LLC now owns 26,045 shares of the construction company’s stock worth $1,469,000 after buying an additional 8,249 shares during the last quarter. AQR Capital Management LLC boosted its stake in Comfort Systems USA by 2.9% during the third quarter. AQR Capital Management LLC now owns 212,036 shares of the construction company’s stock worth $11,959,000 after buying an additional 5,968 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Comfort Systems USA during the third quarter worth $739,000. Institutional investors and hedge funds own 94.47% of the company’s stock.

In other news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $47.85, for a total value of $95,700.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Franklin Myers purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was acquired at an average cost of $52.84 per share, for a total transaction of $211,360.00. Following the purchase, the chairman now owns 235,000 shares in the company, valued at $12,417,400. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 35,131 shares of company stock worth $1,858,940. Corporate insiders own 3.23% of the company’s stock.

A number of research firms have weighed in on FIX. Zacks Investment Research lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. DA Davidson boosted their price objective on Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th. Finally, Sidoti lowered Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Tuesday, March 12th.

Shares of Comfort Systems USA stock traded up $0.38 during trading hours on Wednesday, hitting $57.64. The company’s stock had a trading volume of 205,216 shares, compared to its average volume of 227,112. Comfort Systems USA, Inc. has a twelve month low of $41.14 and a twelve month high of $59.83. The firm has a market cap of $2.10 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.72 and a beta of 1.34. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 0.15.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 21st. The construction company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.13). Comfort Systems USA had a net margin of 5.17% and a return on equity of 23.37%. The business had revenue of $588.36 million during the quarter, compared to analyst estimates of $568.77 million. During the same period last year, the company earned $0.45 EPS. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 3.35 earnings per share for the current year.

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Comfort Systems USA Profile

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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