Thames Capital Management LLC Makes New $7.65 Million Investment in Comfort Systems USA, Inc. $FIX

Thames Capital Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,273 shares of the construction company’s stock, valued at approximately $7,652,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIX. Procyon Advisors LLC bought a new stake in Comfort Systems USA in the 3rd quarter valued at about $215,000. Ashton Thomas Securities LLC acquired a new stake in Comfort Systems USA in the third quarter valued at approximately $253,000. Eastern Bank bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $31,000. Kera Capital Partners Inc. raised its position in shares of Comfort Systems USA by 25.5% during the third quarter. Kera Capital Partners Inc. now owns 552 shares of the construction company’s stock worth $455,000 after purchasing an additional 112 shares during the period. Finally, Liberty One Investment Management LLC bought a new position in shares of Comfort Systems USA in the 3rd quarter worth $463,000. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the topic of several research reports. UBS Group upped 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. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Trading Up 3.7%

NYSE:FIX opened at $1,091.68 on Friday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,114.61. The firm has a 50-day moving average price of $968.21 and a two-hundred day moving average price of $815.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The firm has a market cap of $38.50 billion, a price-to-earnings ratio of 46.22 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $1.96. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.15 billion. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.Comfort Systems USA’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.09 earnings per share. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were issued a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 10.16%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 4,370 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the sale, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction dated 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 sale, the director directly owned 22,535 shares in the company, valued at approximately $21,604,755.20. This represents a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,028 shares of company stock valued at $25,381,151 in the last 90 days. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA 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.