Hantz Financial Services Inc. Boosts Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Hantz Financial Services more than doubled its stake in Comfort Systems USA in Q4, boosting holdings by 109.2% to 1,322 shares worth about $1.23 million.
• Other institutional investors also increased exposure, and the stock remains heavily owned by hedge funds and institutions at 96.51% of shares outstanding.
• Analysts are broadly positive on FIX, with a consensus Buy rating and an average price target of $1,923.20, while the company recently beat quarterly earnings expectations and raised its dividend to $0.80 per share.

Hantz Financial Services Inc. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 109.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,322 shares of the construction company's stock after purchasing an additional 690 shares during the period. Hantz Financial Services Inc.'s holdings in Comfort Systems USA were worth $1,234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ethic Inc. lifted its stake in shares of Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company's stock worth $1,565,000 after buying an additional 748 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company's stock worth $5,031,000 after buying an additional 4,679 shares in the last quarter. Caerus Investment Advisors LLC acquired a new stake in Comfort Systems USA during the third quarter worth about $767,000. Moran Wealth Management LLC increased its position in Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company's stock worth $26,465,000 after purchasing an additional 7,192 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Comfort Systems USA by 3,378.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company's stock worth $79,079,000 after purchasing an additional 82,295 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FIX shares. Glj Research started coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a "buy" rating and a $2,001.00 target price on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. DA Davidson lifted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Finally, UBS Group lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $1,923.20.

Comfort Systems USA Trading Down 0.7%

Shares of NYSE:FIX opened at $1,869.66 on Thursday. Comfort Systems USA, Inc. has a 52 week low of $465.05 and a 52 week high of $2,073.99. The company's 50 day moving average is $1,675.65 and its two-hundred day moving average is $1,312.47. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company has a market cap of $65.81 billion, a PE ratio of 53.94 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating 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 net margin of 12.07% and a return on equity of 51.69%. The company's quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.75 EPS. Equities analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share 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. Investors of record on Friday, May 15th were given a $0.80 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is currently 9.23%.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 4,500 shares of the company's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the sale, the director owned 68,983 shares in the company, valued at $131,244,986.31. This represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the transaction, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,352 shares of company stock worth $53,724,598 over the last 90 days. Company insiders own 1.24% of the company's stock.

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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