Aberdeen Group plc Takes Position in Comfort Systems USA, Inc. $FIX

Key Points

• Aberdeen Group plc bought 2,214 shares of Comfort Systems USA (NYSE:FIX) in Q4, a stake valued at about $2.07 million, and institutional investors collectively own 96.51% of the company.
• Comfort Systems reported strong results, beating Q4 estimates with $9.37 EPS (vs. $6.75 expected) and $2.65B revenue (up 41.7% YoY); analysts have an average "Buy" rating and a $1,573.67 target.
• Insiders sold heavily last quarter—37,288 shares worth roughly $53.68 million, including director sales—despite the company raising its quarterly dividend to $0.70 ($2.80 annual).

Aberdeen Group plc bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,214 shares of the construction company's stock, valued at approximately $2,066,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIX. NewEdge Advisors LLC lifted its position in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company's stock worth $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth lifted its position in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock worth $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company's stock worth $579,000 after buying an additional 313 shares in the last quarter. Amundi lifted its position in Comfort Systems USA by 14.0% during the 2nd quarter. Amundi now owns 28,287 shares of the construction company's stock worth $14,989,000 after buying an additional 3,476 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Comfort Systems USA by 6.8% during the 2nd quarter. California Public Employees Retirement System now owns 62,896 shares of the construction company's stock worth $33,725,000 after buying an additional 4,001 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the sale, the director directly owned 73,995 shares of the company's stock, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the sale, the director directly owned 9,166 shares of the company's stock, valued at approximately $13,229,471.12. The trade was a 21.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,288 shares of company stock worth $53,677,038 in the last quarter. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,575.19 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a market cap of $55.41 billion, a PE ratio of 54.50 and a beta of 1.60. The stock has a 50-day moving average of $1,367.13 and a 200-day moving average of $1,094.78. Comfort Systems USA, Inc. has a one year low of $321.95 and a one year high of $1,601.90.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating analysts' consensus estimates of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.Comfort Systems USA's revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.09 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.60. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.69%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FIX shares. Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 3rd. DA Davidson boosted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. Finally, UBS Group reissued a "buy" rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $1,573.67.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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