Globeflex Capital L P Grows Stock Position in Comfort Systems USA, Inc. $FIX

Globeflex Capital L P grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 36.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,765 shares of the construction company’s stock after buying an additional 1,278 shares during the quarter. Globeflex Capital L P’s holdings in Comfort Systems USA were worth $4,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its position in shares of Comfort Systems USA by 782.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,357 shares of the construction company’s stock valued at $11,532,000 after acquiring an additional 10,956 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Comfort Systems USA by 317.9% in the fourth quarter. TD Asset Management Inc now owns 12,722 shares of the construction company’s stock valued at $11,873,000 after acquiring an additional 9,678 shares in the last quarter. Cibc World Market Inc. lifted its position in Comfort Systems USA by 22.3% during the fourth quarter. Cibc World Market Inc. now owns 36,089 shares of the construction company’s stock worth $33,682,000 after buying an additional 6,589 shares in the last quarter. Lido Advisors LLC lifted its position in Comfort Systems USA by 71.2% during the fourth quarter. Lido Advisors LLC now owns 774 shares of the construction company’s stock worth $681,000 after buying an additional 322 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Comfort Systems USA by 67.2% during the fourth quarter. Sivia Capital Partners LLC now owns 2,117 shares of the construction company’s stock worth $1,976,000 after buying an additional 851 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,920.55 on Friday. The business’s 50 day moving average price is $1,727.59 and its 200 day moving average price is $1,350.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a market cap of $67.60 billion, a price-to-earnings ratio of 55.41 and a beta of 1.65. Comfort Systems USA, Inc. has a one year low of $469.16 and a one year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.75 earnings per share. On average, research analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current 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. This represents a $3.20 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is 9.23%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of analyst reports. UBS Group lifted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Oppenheimer initiated coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. DA Davidson lifted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer owned 32,804 shares of the company’s stock, valued at $66,295,571.84. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,078 shares of company stock valued at $46,651,175 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

About Comfort Systems USA

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.