Forge First Asset Management Inc. Invests $4.61 Million in Comfort Systems USA, Inc. $FIX

Forge First Asset Management Inc. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,598 shares of the construction company’s stock, valued at approximately $4,610,000. Comfort Systems USA makes up 1.7% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA during the 2nd quarter valued at about $27,000. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA in the first quarter valued at approximately $31,000. Tradewinds Capital Management LLC grew its stake in Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares in the last quarter. Brooklyn Investment Group grew its stake in Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after acquiring an additional 83 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Comfort Systems USA by 310.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIX. UBS Group raised their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. William Blair began coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $819.20.

Comfort Systems USA Trading Up 0.0%

NYSE FIX opened at $919.94 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $863.37 and its two-hundred day simple moving average is $674.50. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The company has a market capitalization of $32.45 billion, a price-to-earnings ratio of 38.95 and a beta of 1.55.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The firm had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s payout ratio is 10.16%.

Insider Transactions at Comfort Systems USA

In related news, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director owned 30,574 shares in the company, valued at $30,990,417.88. This trade represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the sale, the director directly owned 4,000 shares of the company’s stock, valued at $4,021,640. This represents a 38.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,078 shares of company stock worth $15,242,037. Corporate insiders own 1.59% of the company’s stock.

About Comfort Systems USA

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.