Ieq Capital LLC Acquires 19,889 Shares of Comfort Systems USA, Inc. $FIX

Ieq Capital LLC raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 31.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,925 shares of the construction company’s stock after acquiring an additional 19,889 shares during the quarter. Ieq Capital LLC’s holdings in Comfort Systems USA were worth $77,393,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. grew its stake in shares of Comfort Systems USA by 100.0% during the 3rd 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. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Farmers & Merchants Investments Inc. grew its stake in shares of Comfort Systems USA by 29.0% during the 4th 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 grew its stake in shares of Comfort Systems USA by 29.4% during the 4th 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. Finally, ORG Partners LLC grew its stake in shares of Comfort Systems USA by 63.0% during the 4th 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. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the sale, the director directly owned 68,983 shares of the company’s stock, valued at $131,244,986.31. This represents a 6.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,078 shares of company stock valued at $46,651,175 in the last ninety days. 1.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FIX shares. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a research note on Friday, April 24th. Glj Research started coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating for the company. Finally, UBS Group raised their target price on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday. One research 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, the stock has a consensus rating of “Buy” and a consensus target price of $1,991.50.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,877.52 on Friday. Comfort Systems USA, Inc. has a 1-year low of $489.54 and a 1-year high of $2,073.99. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $1,781.45 and a 200 day simple moving average of $1,386.40. The stock has a market capitalization of $66.09 billion, a PE ratio of 54.17 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share 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 business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business earned $4.75 earnings per share. The firm’s revenue was up 56.5% on a year-over-year basis. On average, research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

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.