Jefferies Financial Group Inc. Purchases New Stake in Comfort Systems USA, Inc. $FIX

Jefferies Financial Group Inc. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,205 shares of the construction company’s stock, valued at approximately $4,370,000.

Other institutional investors have also added to or reduced their stakes in the company. Prudential PLC bought a new position in Comfort Systems USA in the fourth quarter worth about $6,922,000. Ethic Inc. raised its stake in Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after acquiring an additional 39,888 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Comfort Systems USA during the second quarter worth about $601,000. Finally, Swiss Life Asset Management Ltd raised its position in shares of Comfort Systems USA by 713.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock valued at $12,392,000 after purchasing an additional 11,645 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FIX. UBS Group set a $2,100.00 price target on shares of Comfort Systems USA in a research report on Thursday, August 20th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research note on Monday, July 27th. One investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $2,082.86.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares of the company’s stock, valued at $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,778 shares of company stock worth $56,306,777. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 6.0%

FIX stock opened at $1,518.08 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $1,747.26 and a two-hundred day moving average of $1,669.40. The company has a market cap of $53.42 billion, a price-to-earnings ratio of 37.34 and a beta of 1.69. Comfort Systems USA, Inc. has a 12 month low of $670.19 and a 12 month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.53 earnings per share. As a group, analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a $0.90 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s payout ratio is currently 8.85%.

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.