Cowa LLC Has $11.52 Million Stake in Comfort Systems USA, Inc. $FIX

Cowa LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,954 shares of the construction company’s stock after acquiring an additional 2,027 shares during the quarter. Comfort Systems USA makes up 3.8% of Cowa LLC’s investment portfolio, making the stock its 5th largest position. Cowa LLC’s holdings in Comfort Systems USA were worth $11,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Toth Financial Advisory Corp purchased a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $25,000. Eastern Bank purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $31,000. Avion Wealth grew its holdings in Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after acquiring an additional 54 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Comfort Systems USA in the third quarter valued at about $83,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIX has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group reiterated a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson boosted their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a research note on Monday. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $1,573.67.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the transaction, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This trade represents a 9.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Laura Finley Howell sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president owned 7,938 shares in the company, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 3.6%

Shares of NYSE:FIX opened at $1,409.67 on Tuesday. The firm has a market capitalization of $49.58 billion, a P/E ratio of 48.78 and a beta of 1.67. 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 stock has a 50 day moving average price of $1,116.07 and a 200-day moving average price of $939.47. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,476.94.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $4.09 earnings per share. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is 8.30%.

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.