Arrowpoint Investment Partners Singapore Pte. Ltd. Buys New Stake in Comfort Systems USA, Inc. $FIX

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,137 shares of the construction company’s stock, valued at approximately $1,763,000. Comfort Systems USA makes up about 1.8% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in Comfort Systems USA in the third quarter worth about $25,000. Quent Capital LLC purchased a new stake in Comfort Systems USA during the third quarter valued at approximately $25,000. Ameriflex Group Inc. lifted its stake in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Eastern Bank bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $31,000. Finally, Financial Life Planners purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $42,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.5%

Shares of Comfort Systems USA stock opened at $1,366.39 on Friday. The stock has a market cap of $48.06 billion, a PE ratio of 47.28 and a beta of 1.63. The firm has a fifty day moving average price of $1,241.96 and a 200 day moving average price of $1,004.55. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. 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 (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm’s revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.09 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In other news, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares in the company, valued at $24,703,260.90. The trade was a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Terrence Reed sold 1,116 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the completion of the sale, the senior vice president directly owned 2,834 shares of the company’s stock, valued at approximately $3,960,033.22. The trade was a 28.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FIX shares. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. DA Davidson increased 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 research note on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Finally, Stifel Nicolaus set a $1,611.00 price target on shares of 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1,573.67.

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.