Keystone Investors PTE Ltd. Acquires New Holdings in Comfort Systems USA, Inc. $FIX

Keystone Investors PTE Ltd. acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,416 shares of the construction company’s stock, valued at approximately $1,322,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealthspire Advisors LLC increased its stake in Comfort Systems USA by 226.7% during the fourth quarter. Wealthspire Advisors LLC now owns 294 shares of the construction company’s stock worth $274,000 after purchasing an additional 204 shares during the period. Summit Financial LLC purchased a new stake in Comfort Systems USA during the fourth quarter worth about $217,000. Advisors Asset Management Inc. increased its stake in Comfort Systems USA by 37.5% during the fourth quarter. Advisors Asset Management Inc. now owns 7,803 shares of the construction company’s stock worth $7,282,000 after purchasing an additional 2,128 shares during the period. CI Investments Inc. increased its stake in Comfort Systems USA by 23.3% during the fourth quarter. CI Investments Inc. now owns 11,400 shares of the construction company’s stock worth $10,638,000 after purchasing an additional 2,151 shares during the period. Finally, Davis R M Inc. purchased a new stake in Comfort Systems USA during the fourth quarter worth about $262,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 1.8%

FIX stock opened at $1,877.52 on Friday. The company’s 50 day moving average price is $1,781.45 and its 200 day moving average price is $1,386.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a fifty-two week low of $489.54 and a fifty-two week high of $2,073.99. The firm has a market capitalization of $66.09 billion, a price-to-earnings ratio of 54.17 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share 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 firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm earned $4.75 earnings per share. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors 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 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.

Insider Activity

In related news, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the sale, the director directly owned 68,983 shares in the company, valued at approximately $131,244,986.31. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares in the company, valued at $66,295,571.84. The trade was a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FIX has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Glj Research initiated 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 price target on the stock. UBS Group boosted their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research note on Friday, April 24th. Finally, DA Davidson boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $1,991.50.

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.