ProShare Advisors LLC Purchases 5,013 Shares of Comfort Systems USA, Inc. $FIX

ProShare Advisors LLC boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 334.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,510 shares of the construction company’s stock after acquiring an additional 5,013 shares during the quarter. ProShare Advisors LLC’s holdings in Comfort Systems USA were worth $6,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. raised its position in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares in the last quarter. ORG Partners LLC raised its position in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 17 shares in the last quarter. Finally, Financial Life Planners acquired a new position in shares of Comfort Systems USA in the third quarter valued at $42,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,829.88 on Friday. Comfort Systems USA, Inc. has a one year low of $452.65 and a one year high of $2,073.99. The company has a market cap of $64.41 billion, a P/E ratio of 52.80 and a beta of 1.70. The firm’s fifty day moving average price is $1,647.02 and its two-hundred day moving average price is $1,291.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the company earned $4.75 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. Equities analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the transaction, the director directly owned 18,035 shares in the company, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 9,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the transaction, the chief financial officer owned 37,824 shares in the company, valued at $54,276,305.28. This trade represents a 19.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,024 shares of company stock valued at $99,678,386 in the last three months. Insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. DA Davidson upped their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, UBS Group upped their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,923.20.

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.