Liberty One Investment Management LLC Makes New $463,000 Investment in Comfort Systems USA, Inc. $FIX

Liberty One Investment Management LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 561 shares of the construction company’s stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new position in Comfort Systems USA during the third quarter valued at approximately $25,000. Quent Capital LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at $25,000. Ameritas Advisory Services LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at $27,000. Avion Wealth increased its holdings in shares of Comfort Systems USA by 1,800.0% in the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after purchasing an additional 54 shares during the period. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after purchasing an additional 31 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Herman E. Bulls sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director owned 30,574 shares in the company, valued at approximately $30,990,417.88. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares in the company, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,028 shares of company stock valued at $25,381,151. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,071.89 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $37.81 billion, a PE ratio of 45.38 and a beta of 1.66. The firm has a fifty day simple moving average of $964.18 and a two-hundred day simple moving average of $811.82. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,078.70.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the firm earned $4.09 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. Research 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 Monday, November 24th. Shareholders of record on Thursday, November 13th were given a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FIX. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. UBS Group lifted their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Stifel Nicolaus increased their target price on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, DA Davidson reiterated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.75.

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.