Jefferies Financial Group Inc. Buys New Holdings in Comfort Systems USA, Inc. $FIX

Jefferies Financial Group Inc. purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,205 shares of the construction company’s stock, valued at approximately $4,370,000.

A number of other hedge funds also recently made changes to their positions in FIX. Prudential PLC purchased a new position in Comfort Systems USA in the fourth quarter worth about $6,922,000. Ethic Inc. raised its stake in shares of Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after purchasing an additional 748 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 39,888 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at approximately $601,000. Finally, Swiss Life Asset Management Ltd raised its stake in 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. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent analyst reports. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. KeyCorp boosted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research report on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. One 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 stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and an average target price of $2,082.86.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 2,554 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,778 shares of company stock valued at $56,306,777 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 6.0%

Comfort Systems USA 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 company’s 50-day moving average price is $1,747.26 and its two-hundred day moving average price is $1,669.40. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The stock 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 (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $6.53 earnings per share. The firm’s revenue was up 50.3% on a year-over-year basis. On average, analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 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.