FNY Investment Advisers LLC Makes New $1.38 Million Investment in Comfort Systems USA, Inc. $FIX

FNY Investment Advisers LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to its most recent filing with the SEC. The firm purchased 1,675 shares of the construction company’s stock, valued at approximately $1,382,000.

Several other large investors have also recently made changes to their positions in the stock. Private Client Services LLC raised its holdings in Comfort Systems USA by 624.4% in the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after purchasing an additional 2,354 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after buying an additional 15,831 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock valued at $12,474,000 after buying an additional 2,461 shares in the last quarter. Triasima Portfolio Management inc. purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $2,392,000. Finally, Citigroup Inc. grew its position in shares of Comfort Systems USA by 29.5% in the 3rd quarter. Citigroup Inc. now owns 14,074 shares of the construction company’s stock worth $11,614,000 after buying an additional 3,202 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group reissued a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. DA Davidson upped their price target on 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. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $1,573.67.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 9,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the transaction, the chief financial officer owned 37,824 shares in the company, valued at $54,276,305.28. This trade represents a 19.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the sale, the director directly owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,288 shares of company stock worth $53,677,038 over the last 90 days. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,425.50 on Thursday. The company has a 50 day moving average price of $1,265.30 and a 200 day moving average price of $1,021.44. The firm has a market capitalization of $50.13 billion, a P/E ratio of 49.33 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last released 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. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm earned $4.09 EPS. Comfort Systems USA’s revenue was up 41.7% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 6th. Comfort Systems USA’s dividend payout ratio is presently 9.69%.

Comfort Systems USA Company 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.