PFG Advisors Trims Stake in Comfort Systems USA, Inc. $FIX

PFG Advisors lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 32.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,014 shares of the construction company’s stock after selling 484 shares during the period. PFG Advisors’ holdings in Comfort Systems USA were worth $837,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new position in Comfort Systems USA during the 3rd quarter valued at about $25,000. Quent Capital LLC purchased a new stake in Comfort Systems USA in the 3rd quarter worth about $25,000. Ameriflex Group Inc. lifted its stake in Comfort Systems USA by 100.0% in 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 during the last quarter. Eastern Bank bought a new stake in Comfort Systems USA in the third quarter worth about $31,000. Finally, Avion Wealth boosted its position in shares of Comfort Systems USA by 1,800.0% during the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after buying an additional 54 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 9,000 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the sale, the chief financial officer directly owned 37,824 shares in the company, valued at $54,276,305.28. This represents a 19.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the sale, the insider directly owned 171,523 shares in the company, valued at approximately $249,243,501.76. The trade was a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 37,288 shares of company stock worth $53,677,038. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on FIX shares. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. UBS Group reissued a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. DA Davidson upped their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,406.62 on Thursday. The company has a market cap of $49.47 billion, a PE ratio of 48.67 and a beta of 1.63. The firm’s 50 day moving average price is $1,225.90 and its 200-day moving average price is $997.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. Comfort Systems USA’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.09 earnings per share. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is presently 9.69%.

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.