Benchmark Investment Advisors LLC Purchases Shares of 2,565 Comfort Systems USA, Inc. $FIX

Benchmark Investment Advisors LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,565 shares of the construction company’s stock, valued at approximately $2,116,000. Comfort Systems USA makes up 1.2% of Benchmark Investment Advisors LLC’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $256,998,000. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 47.5% during the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after buying an additional 252,007 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Comfort Systems USA in the second quarter worth approximately $114,551,000. JPMorgan Chase & Co. grew its position in Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after buying an additional 197,613 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new position in shares of Comfort Systems USA in the third quarter valued at $156,183,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FIX. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. DA Davidson raised their price objective 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. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research report on Monday, February 2nd. Finally, Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $1,573.67.

Insider Buying and Selling

In related news, CFO William George III sold 9,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the transaction, the chief financial officer owned 37,824 shares in the company, valued at $54,276,305.28. This represents a 19.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the sale, the director directly owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,288 shares of company stock valued at $53,677,038. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 0.5%

FIX opened at $1,366.39 on Friday. The business has a 50 day moving average of $1,241.96 and a 200-day moving average of $1,004.55. The stock has a market capitalization of $48.06 billion, a price-to-earnings ratio of 47.28 and a beta of 1.63. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,500.00.

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

Comfort Systems USA Increases Dividend

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

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.