Aubrey Capital Management Ltd Cuts Stock Position in Comfort Systems USA, Inc. $FIX

Key Points

• Aubrey Capital Management cut its Comfort Systems USA stake by 31.7% in the fourth quarter, but still held 5,600 shares worth about $5.23 million, making FIX its 13th-largest holding.
• Analysts remain upbeat on Comfort Systems USA: several firms raised price targets, and the stock now carries a consensus rating of “Moderate Buy” with an average target price of $1,923.20.
• Strong fundamentals and shareholder returns stood out in the latest report, with quarterly EPS of $10.51 beating estimates and revenue rising 56.5% year over year; the company also boosted its quarterly dividend to $0.80 per share.

Aubrey Capital Management Ltd reduced its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 31.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,600 shares of the construction company's stock after selling 2,600 shares during the quarter. Comfort Systems USA accounts for about 2.1% of Aubrey Capital Management Ltd's holdings, making the stock its 13th largest holding. Aubrey Capital Management Ltd's holdings in Comfort Systems USA were worth $5,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth about $25,000. Ameriflex Group Inc. boosted its holdings in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Eastern Bank purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth about $31,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIX. UBS Group boosted their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. DA Davidson boosted their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Wall Street Zen lowered Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Glj Research assumed coverage on Comfort Systems USA in a research note on Monday, April 20th. They issued a "buy" rating and a $2,001.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,923.20.

Insider Activity at Comfort Systems USA

In related news, Director William J. Sandbrook sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares of the company's stock, valued at approximately $13,282,648.22. This represents a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares of the company's stock, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,901 shares of company stock valued at $87,618,330 over the last ninety days. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,950.66 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $68.66 billion, a P/E ratio of 56.28 and a beta of 1.70. The stock's 50 day moving average is $1,529.16 and its 200 day moving average is $1,215.34. Comfort Systems USA, Inc. has a twelve month low of $430.79 and a twelve month high of $2,018.05.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm's quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.75 EPS. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA's payout ratio is 8.08%.

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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