Centiva Capital LP Acquires New Position in Comfort Systems USA, Inc. $FIX

Key Points

• Centiva Capital LP opened a new position in Comfort Systems USA (NYSE:FIX), buying 1,013 shares worth about $836,000 in Q3 as institutional investors now own roughly 96.51% of the stock.
• Comfort Systems beat expectations with $9.37 EPS (vs. $6.75 expected) and $2.65B revenue (up 41.7% YoY), spurring analyst upgrades—DA Davidson raised its target to $1,800 and the consensus rating is a Buy with an average target of $1,573.67.
• Management boosted the quarterly dividend to $0.70, but significant insider selling has occurred recently—37,288 shares (~$53.7M) sold in the last three months, including the CFO's sale of 9,000 shares.

Centiva Capital LP acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,013 shares of the construction company's stock, valued at approximately $836,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. Toth Financial Advisory Corp purchased a new position in shares of Comfort Systems USA in the third quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. boosted its holdings in 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 buying an additional 15 shares during the period. Eastern Bank bought a new position in Comfort Systems USA in the 3rd quarter worth approximately $31,000. Finally, Financial Life Planners purchased a new position in Comfort Systems USA in the 3rd quarter valued at approximately $42,000. Institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FIX. DA Davidson boosted their target price on shares of 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 reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 24th. Wall Street Zen lowered Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 3rd. Finally, Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $1,573.67.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,366.39 on Monday. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00. The company has a fifty day moving average of $1,241.96 and a 200-day moving average of $1,008.70. The company has a market capitalization of $48.06 billion, a P/E ratio of 47.28 and a beta of 1.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its 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. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the firm earned $4.09 earnings per share. The firm's revenue was up 41.7% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In related news, CFO William George III sold 9,000 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the transaction, the chief financial officer directly owned 37,824 shares of the company's stock, valued at approximately $54,276,305.28. This trade represents a 19.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William J. Sandbrook sold 2,500 shares of the business's 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 completion of the sale, the director owned 9,166 shares of the company's stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by insiders.

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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