Mountain Pacific Investment Advisers LLC Has $34.68 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mountain Pacific Investment Advisers LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 81,783 shares of the construction company’s stock after buying an additional 1,476 shares during the period. Comfort Systems USA accounts for approximately 2.4% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 14th largest holding. Mountain Pacific Investment Advisers LLC owned approximately 0.23% of Comfort Systems USA worth $34,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in Comfort Systems USA in the third quarter worth about $28,000. Harbor Investment Advisory LLC boosted its stake in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC raised its stake 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 buying an additional 47 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in Comfort Systems USA in the third quarter valued at approximately $53,000. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In related news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on FIX. UBS Group lifted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research report 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 given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Price Performance

FIX opened at $504.62 on Tuesday. The stock has a market cap of $17.96 billion, a P/E ratio of 38.61 and a beta of 1.23. Comfort Systems USA, Inc. has a 12 month low of $200.15 and a 12 month high of $510.79. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $463.34 and a 200 day simple moving average of $394.53.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, research analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is presently 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.