Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 641 shares of the construction company’s stock after buying an additional 79 shares during the period. GAMMA Investing LLC’s holdings in Comfort Systems USA were worth $272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in shares of Comfort Systems USA by 0.8% in the third quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after buying an additional 1,236 shares during the period. World Investment Advisors LLC acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $1,137,000. Sanctuary Advisors LLC boosted its position in shares of Comfort Systems USA by 48.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company’s stock valued at $1,157,000 after purchasing an additional 974 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Comfort Systems USA by 45.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the construction company’s stock worth $424,000 after purchasing an additional 339 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Comfort Systems USA by 22.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company’s stock worth $167,000 after purchasing an additional 79 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIX. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. Stifel Nicolaus began coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. Finally, UBS Group lifted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Price Performance

FIX opened at $451.97 on Wednesday. Comfort Systems USA, Inc. has a 12-month low of $194.30 and a 12-month high of $510.79. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $16.09 billion, a P/E ratio of 34.58 and a beta of 1.23. The stock has a fifty day moving average of $452.85 and a 200-day moving average of $383.24.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company posted $2.74 EPS. Equities analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.