Comfort Systems USA, Inc. $FIX Shares Acquired by Algert Global LLC

Algert Global LLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,582 shares of the construction company’s stock after purchasing an additional 6,440 shares during the period. Comfort Systems USA comprises about 0.6% of Algert Global LLC’s holdings, making the stock its 6th largest holding. Algert Global LLC owned about 0.12% of Comfort Systems USA worth $35,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FIX. NewEdge Advisors LLC raised its position in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after purchasing an additional 993 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares during the period. ProShare Advisors LLC increased its stake in shares of Comfort Systems USA by 3.1% in the second quarter. ProShare Advisors LLC now owns 1,559 shares of the construction company’s stock valued at $836,000 after buying an additional 47 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Comfort Systems USA by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,644 shares of the construction company’s stock valued at $3,026,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,366.39 on Friday. The stock has a market capitalization of $48.06 billion, a PE ratio of 47.28 and a beta of 1.63. The business’s 50 day simple moving average is $1,241.96 and its 200 day simple moving average is $1,006.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.09 EPS. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.70 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and a consensus price target of $1,573.67.

Insider Activity at Comfort Systems USA

In other news, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the sale, the director directly owned 9,166 shares in the company, valued at $13,229,471.12. This trade represents a 21.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director directly owned 73,995 shares of the company’s stock, valued at $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by insiders.

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.