Comfort Systems USA, Inc. $FIX Shares Bought by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management raised its stake in Comfort Systems USA by 42.1% to 4,119 shares (worth $3.84 million), and institutional investors now own about 96.51% of the company.
• Comfort Systems reported a strong quarter—EPS of $10.51 vs. $6.81 expected and revenue of $2.87 billion (up 56.5% year-over-year), driving a high ROE of 51.7%.
• Analysts are broadly bullish (consensus rating: Moderate Buy, consensus target ~$1,923), but insiders have been net sellers recently—39,288 shares sold in the last three months (insiders own 1.24%).

Triasima Portfolio Management inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 42.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,119 shares of the construction company's stock after buying an additional 1,220 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Comfort Systems USA were worth $3,844,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in Comfort Systems USA in the third quarter valued at about $25,000. Ameriflex Group Inc. lifted its position in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock valued at $25,000 after buying an additional 15 shares during the last quarter. Eastern Bank acquired a new position in Comfort Systems USA in the third quarter valued at about $31,000. JFS Wealth Advisors LLC lifted its position in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock valued at $41,000 after buying an additional 10 shares during the last quarter. Finally, ORG Partners LLC lifted its position in Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company's stock valued at $41,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Glj Research assumed coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 target price on the stock. UBS Group upped their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Finally, DA Davidson increased their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,923.20.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 500 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $1,779.78, for a total transaction of $889,890.00. Following the sale, the director owned 3,000 shares of the company's stock, valued at approximately $5,339,340. This represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrence Reed sold 1,116 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the sale, the senior vice president directly owned 2,834 shares in the company, valued at $3,960,033.22. This represents a 28.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 39,288 shares of company stock valued at $57,165,933. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA Stock Up 0.2%

Shares of FIX opened at $1,870.95 on Monday. The stock has a market capitalization of $65.86 billion, a PE ratio of 53.98 and a beta of 1.70. Comfort Systems USA, Inc. has a 1 year low of $420.88 and a 1 year high of $1,877.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company's 50-day simple moving average is $1,497.63 and its 200-day simple moving average is $1,191.27.

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 the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.75 earnings per share. Analysts forecast that Comfort Systems USA, Inc. will post 43.42 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA's dividend payout ratio is currently 9.23%.

About Comfort Systems USA

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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