Algebris UK Ltd. Buys New Position in Comfort Systems USA, Inc. $FIX

Algebris UK Ltd. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, Holdings Channel reports. The fund purchased 1,044 shares of the construction company’s stock, valued at approximately $975,000.

Other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. boosted its position in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after acquiring an additional 15 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. ORG Partners LLC boosted its position in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 17 shares during the last quarter. Finally, Financial Life Planners bought a new stake in Comfort Systems USA during the third quarter valued at $42,000. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 8,636 shares of the stock in a transaction 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 completion of the transaction, the director owned 73,995 shares in the company, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,024 shares of company stock worth $99,678,386 over the last quarter. Corporate insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on FIX. UBS Group increased their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Stifel Nicolaus increased their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,923.20.

Comfort Systems USA Price Performance

FIX stock opened at $1,834.04 on Thursday. The stock has a market capitalization of $64.56 billion, a PE ratio of 52.92 and a beta of 1.70. The company’s 50-day moving average is $1,629.45 and its 200-day moving average is $1,281.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. Comfort Systems USA, Inc. has a 1 year low of $452.04 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis. Equities research analysts expect that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be issued a $0.80 dividend. The ex-dividend date is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

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.