Comfort Systems USA, Inc. $FIX Stock Position Lifted by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group boosted its stake in Comfort Systems by 1,344.2% in Q3 to 6,672 shares (worth $5.506M), and institutional investors now own 96.51% of the company.
• Comfort Systems reported a strong quarter—EPS $9.37 vs. $6.75 estimate and revenue $2.65B vs. $2.34B—delivering 41.7% year‑over‑year revenue growth, an 11.23% net margin and 48.52% ROE.
• The company raised its quarterly dividend to $0.70 (annualized $2.80, ~0.2% yield), while insiders have sold 37,288 shares (about $53.7M) in the past 90 days, leaving insiders with 1.59% ownership.

Jefferies Financial Group Inc. lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1,344.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,672 shares of the construction company's stock after acquiring an additional 6,210 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Comfort Systems USA were worth $5,506,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Belpointe Asset Management LLC raised its position in shares of Comfort Systems USA by 1.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company's stock valued at $1,036,000 after acquiring an additional 13 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Comfort Systems USA by 0.9% in the third quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company's stock worth $1,220,000 after purchasing an additional 13 shares during the period. Ameriflex Group Inc. boosted its holdings in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after purchasing an additional 15 shares during the period. Wedmont Private Capital increased its stake in Comfort Systems USA by 3.8% during the third quarter. Wedmont Private Capital now owns 497 shares of the construction company's stock valued at $406,000 after purchasing an additional 18 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in Comfort Systems USA by 2.2% during the third quarter. Ballentine Partners LLC now owns 898 shares of the construction company's stock valued at $741,000 after purchasing an additional 19 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

FIX stock opened at $1,371.04 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. The stock has a market capitalization of $48.22 billion, a price-to-earnings ratio of 47.44 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. The stock's fifty day moving average is $1,207.73 and its two-hundred day moving average is $989.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping the consensus estimate of $6.75 by $2.62. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company's quarterly revenue was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.09 earnings per share. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be given a $0.70 dividend. This is a positive change 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 yield of 0.2%. Comfort Systems USA's payout ratio is currently 9.69%.

Insider Buying and Selling

In other news, Director Franklin Myers sold 8,636 shares of Comfort Systems USA 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 sale, the director owned 73,995 shares of the company's stock, valued at approximately $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the director owned 9,166 shares of the company's stock, valued at approximately $13,229,471.12. This represents a 21.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,288 shares of company stock valued at $53,677,038 in the last ninety days. Insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 3rd. UBS Group reiterated 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. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, DA Davidson lifted their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $1,573.67.

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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