Comfort Systems USA, Inc. $FIX Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 7.7% in the 1st quarter, HoldingsChannel reports. The fund owned 153,458 shares of the construction company’s stock after purchasing an additional 10,993 shares during the quarter. SG Americas Securities LLC’s holdings in Comfort Systems USA were worth $211,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Evolve Private Wealth LLC lifted its stake in shares of Comfort Systems USA by 2.0% in the 1st quarter. Evolve Private Wealth LLC now owns 2,178 shares of the construction company’s stock valued at $3,003,000 after purchasing an additional 43 shares during the last quarter. Balboa Wealth Partners increased its position in shares of Comfort Systems USA by 8.8% during the 1st quarter. Balboa Wealth Partners now owns 394 shares of the construction company’s stock worth $543,000 after purchasing an additional 32 shares during the last quarter. JDH Wealth Management LLC purchased a new stake in Comfort Systems USA in the 1st quarter valued at about $210,000. BlueSky Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter valued at about $258,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in Comfort Systems USA by 185.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 29,944 shares of the construction company’s stock valued at $41,292,000 after buying an additional 19,440 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price for the company. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating on the stock. UBS Group upped their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, DA Davidson lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1,991.50.

Comfort Systems USA Price Performance

FIX opened at $1,971.17 on Monday. The stock’s 50-day moving average price is $1,831.99 and its 200 day moving average price is $1,424.09. Comfort Systems USA, Inc. has a 12-month low of $489.98 and a 12-month 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 market cap of $69.39 billion, a price-to-earnings ratio of 56.87 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period last year, the business posted $4.75 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change 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%. Comfort Systems USA’s payout ratio is 9.23%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 4,500 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the sale, the director directly owned 68,983 shares in the company, valued at $131,244,986.31. This represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 4,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the sale, the chief financial officer owned 33,804 shares in the company, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Company 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.