Westerkirk Capital Inc. Invests $1.02 Million in Comfort Systems USA, Inc. $FIX

Westerkirk Capital Inc. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,088 shares of the construction company’s stock, valued at approximately $1,015,000.

A number of other institutional investors have also made changes to their positions in FIX. Ameriflex Group Inc. lifted its position in shares of Comfort Systems USA by 100.0% during 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 in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA during the fourth quarter worth $28,000. Farmers & Merchants Investments Inc. lifted its position in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 17 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Trading Up 0.4%

FIX opened at $1,851.28 on Tuesday. The stock has a market capitalization of $65.17 billion, a PE ratio of 53.41 and a beta of 1.66. The firm’s fifty day moving average price is $1,744.97 and its 200 day moving average price is $1,364.02. 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 12-month low of $469.16 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.75 earnings per share. As a group, research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,078 shares of company stock valued at $46,651,175 over the last quarter. 1.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. DA Davidson upped their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Oppenheimer assumed coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $1,991.50.

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.