Comfort Systems USA, Inc. $FIX Shares Acquired by Globeflex Capital L P

Key Points

• Globeflex Capital L P boosted its stake in Comfort Systems USA by 36.7% in the fourth quarter, ending with 4,765 shares worth about $4.45 million.
• Several analysts remain bullish on the stock, with KeyCorp and UBS both raising price targets and the overall consensus rating sitting at Buy with a target of $1,969.33.
• Comfort Systems USA reported strong quarterly results, with EPS of $10.51 versus the $6.81 estimate and revenue of $2.87 billion, while also increasing its quarterly dividend to $0.80 per share.

Globeflex Capital L P grew its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,765 shares of the construction company's stock after purchasing an additional 1,278 shares during the period. Globeflex Capital L P's holdings in Comfort Systems USA were worth $4,447,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Ameriflex Group Inc. grew its holdings in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after acquiring an additional 15 shares during the period. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the fourth quarter worth about $28,000. Farmers & Merchants Investments Inc. grew its holdings in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock worth $37,000 after acquiring an additional 9 shares during the period. JFS Wealth Advisors LLC grew its holdings in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock worth $41,000 after acquiring an additional 10 shares during the period. Finally, ORG Partners LLC grew its holdings in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company's stock worth $41,000 after acquiring an additional 17 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on FIX. KeyCorp raised Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Stifel Nicolaus raised their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Monday, April 20th. UBS Group raised their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Finally, Wall Street Zen lowered Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $1,969.33.

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 1,500 shares of the firm'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 owned 7,666 shares in the company, valued at $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Julie Shaeff sold 1,123 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,920.55 on Friday. The company has a market capitalization of $67.60 billion, a P/E ratio of 55.41 and a beta of 1.65. The business's 50 day moving average is $1,727.59 and its two-hundred day moving average is $1,350.97. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 12-month low of $469.16 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.Comfort Systems USA's revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.75 earnings per share. Analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a dividend of $0.80 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.23%.

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.

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