Flagship Harbor Advisors LLC Decreases Position in Comfort Systems USA, Inc. $FIX

Key Points

• Flagship Harbor Advisors cut its stake in Comfort Systems USA (NYSE:FIX) by 49.9% in Q4, selling 738 shares and leaving 740 shares valued at about $691,000 at quarter-end.
• Significant insider selling: company insiders sold a total of 37,288 shares worth roughly $53.68 million over the past three months, including Director Darcy Anderson (4,500 shares, ~$6.16M) and Director Franklin Myers (8,636 shares, ~$12.72M); insiders now own 1.59% of the stock.
• Strong fundamentals: Comfort Systems reported Q EPS of $9.37 vs. a $6.75 consensus and revenue of $2.65B vs. $2.34B (revenue +41.7% YoY), and raised its quarterly dividend to $0.70 (annualized $2.80); market cap is about $53.6B with a P/E of 52.75.

Flagship Harbor Advisors LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 49.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 740 shares of the construction company's stock after selling 738 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Comfort Systems USA were worth $691,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in Comfort Systems USA in the third quarter valued at $25,000. Quent Capital LLC acquired a new position in Comfort Systems USA in the third quarter valued at $25,000. Ameriflex Group Inc. increased its stake 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 purchasing an additional 15 shares during the last quarter. Eastern Bank acquired a new position in Comfort Systems USA in the third quarter valued at $31,000. Finally, JFS Wealth Advisors LLC increased its stake 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 purchasing an additional 10 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Darcy Anderson sold 4,500 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the sale, the director directly owned 18,035 shares in the company, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 8,636 shares of the 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 value of $12,717,028.16. Following the sale, the director owned 73,995 shares in the company, valued at $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,288 shares of company stock valued at $53,677,038 over the last three months. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,524.43 on Thursday. Comfort Systems USA, Inc. has a 1-year low of $306.19 and a 1-year high of $1,547.53. The business has a 50-day moving average of $1,359.07 and a 200-day moving average of $1,091.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 52.75 and a beta of 1.60.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company's revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.09 earnings per share. On average, equities analysts anticipate 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 was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, March 6th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is currently 9.69%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FIX shares. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note 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. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. UBS Group reiterated a "buy" rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Buy" and an average price target of $1,573.67.

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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