Aventail Capital Group LP Purchases Shares of 4,114 Comfort Systems USA, Inc. $FIX

Key Points

• Aventail Capital Group LP acquired a new stake of 4,114 shares in Comfort Systems USA valued at approximately $3.395 million, and institutional investors now own 96.51% of the company with large stake increases from Invesco, AQR, Westfield and JPMorgan.
• Comfort Systems reported a strong quarter—$9.37 EPS vs. $6.75 expected and revenue of $2.65B (up 41.7% YoY)—while analysts remain bullish with a consensus "Buy" rating and an average price target of $1,573.67, and the company raised its quarterly dividend to $0.70.

Aventail Capital Group LP acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,114 shares of the construction company's stock, valued at approximately $3,395,000.

Several other hedge funds also recently made changes to their positions in the business. Invesco Ltd. lifted its stake in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company's stock valued at $878,454,000 after purchasing an additional 73,727 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company's stock worth $502,113,000 after buying an additional 46,773 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Comfort Systems USA by 6.8% in the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company's stock valued at $678,475,000 after buying an additional 53,125 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company's stock valued at $440,764,000 after buying an additional 3,032 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Comfort Systems USA by 36.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company's stock valued at $606,117,000 after acquiring an additional 197,613 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FIX shares. UBS Group reissued a "buy" rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research report on Monday, February 23rd. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a report on Monday, February 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Finally, Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Buy" and an average price target of $1,573.67.

Comfort Systems USA Trading Down 0.5%

NYSE FIX opened at $1,366.39 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The stock has a market cap of $48.06 billion, a price-to-earnings ratio of 47.28 and a beta of 1.63. The firm's 50 day moving average price is $1,241.96 and its two-hundred day moving average price is $1,006.62.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (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 analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company's revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.09 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is presently 9.69%.

Insider Transactions at Comfort Systems USA

In other news, Director William J. Sandbrook sold 2,500 shares of the company's stock in a transaction dated 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 transaction, the director owned 9,166 shares in the company, valued at $13,229,471.12. This represents a 21.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Company 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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.