Comfort Systems USA, Inc. $FIX Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group increased its Comfort Systems USA stake by 626.3% in the third quarter, adding 34,495 shares to own 40,003 shares, valued at about $66.2 million.
• Comfort Systems USA reported quarterly EPS of $13.91, beating the $12.85 consensus, while revenue rose 53.7% year over year to $3.77 billion.
• Analysts’ consensus rating was Buy, with an average price target of $1,889.12. The company also raised its quarterly dividend from $0.90 to $1.00 per share.

Aberdeen Group plc increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 626.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 40,003 shares of the construction company's stock after acquiring an additional 34,495 shares during the period. Aberdeen Group plc owned approximately 0.11% of Comfort Systems USA worth $66,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIX. Signature Equity Partners LLC raised its stake in shares of Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock valued at $48,000 after purchasing an additional 5 shares during the period. Capital Advisors Inc. OK lifted its position in shares of Comfort Systems USA by 1.9% during the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company's stock worth $636,000 after purchasing an additional 6 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Comfort Systems USA by 3.4% during the third quarter. Versant Capital Management Inc now owns 183 shares of the construction company's stock worth $303,000 after purchasing an additional 6 shares in the last quarter. LifeGoal Investments LLC lifted its position in shares of Comfort Systems USA by 1.9% during the third quarter. LifeGoal Investments LLC now owns 314 shares of the construction company's stock worth $519,000 after purchasing an additional 6 shares in the last quarter. Finally, Petra Financial Advisors Inc. boosted its stake in shares of Comfort Systems USA by 0.7% in the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company's stock valued at $1,489,000 after purchasing an additional 7 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analyst Weigh In

FIX has been the subject of several analyst reports. The Goldman Sachs Group set a $1,875.00 target price on shares of Comfort Systems USA in a research note on Tuesday, October 20th. Stifel Nicolaus set a $1,808.00 price objective on shares of Comfort Systems USA in a report on Monday, October 26th. UBS Group decreased their price objective on shares of Comfort Systems USA from $2,225.00 to $1,900.00 and set a "buy" rating for the company in a research report on Monday, October 26th. DA Davidson set a $1,850.00 target price on Comfort Systems USA in a research note on Monday, October 26th. Finally, Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Comfort Systems USA has an average rating of "Buy" and a consensus price target of $1,889.12.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,110.69 on Friday. The business's 50 day moving average is $1,468.04 and its two-hundred day moving average is $1,597.15. Comfort Systems USA, Inc. has a 52-week low of $841.66 and a 52-week high of $2,073.99. The firm has a market cap of $38.86 billion, a price-to-earnings ratio of 23.98 and a beta of 1.64. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, beating the consensus estimate of $12.85 by $1.06. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same period in the prior year, the business posted $8.25 EPS. The business's revenue was up 53.7% on a year-over-year basis. Analysts forecast that Comfort Systems USA, Inc. will post 50.03 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, November 12th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. Comfort Systems USA's payout ratio is presently 8.64%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George, III sold 2,554 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares of the company's stock, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Lane sold 16,024 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc. is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses. Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.

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