Mezzasalma Advisors LLC Has $1.56 Million Position in Comfort Systems USA, Inc. $FIX

Mezzasalma Advisors LLC boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 55.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,557 shares of the construction company’s stock after purchasing an additional 558 shares during the period. Mezzasalma Advisors LLC’s holdings in Comfort Systems USA were worth $1,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Toth Financial Advisory Corp acquired a new stake in Comfort Systems USA during the third quarter valued at $25,000. Quent Capital LLC bought a new position in Comfort Systems USA during the third quarter valued at approximately $25,000. 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 valued at $25,000 after acquiring an additional 15 shares in the last quarter. Eastern Bank acquired a new stake in Comfort Systems USA in the third quarter valued at approximately $31,000. Finally, JFS Wealth Advisors LLC grew its position in Comfort Systems USA by 29.4% in 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.0%

Comfort Systems USA stock opened at $1,416.96 on Monday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a market capitalization of $49.83 billion, a PE ratio of 49.03 and a beta of 1.60. The business’s 50-day simple moving average is $1,340.54 and its 200-day simple moving average is $1,079.49.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.09 EPS. Equities 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 announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 6th. Comfort Systems USA’s payout ratio is presently 9.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. DA Davidson upped their target price on 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. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, UBS Group reissued a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $1,573.67.

Insider Activity

In other news, 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 transaction of $12,717,028.16. Following the transaction, the director owned 73,995 shares in the company, valued at approximately $108,962,077.20. The trade was a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the transaction, the insider directly owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,288 shares of company stock worth $53,677,038. Corporate insiders own 1.59% of the company’s stock.

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.