Triasima Portfolio Management inc. Purchases Shares of 2,899 Comfort Systems USA, Inc. $FIX

Triasima Portfolio Management inc. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, HoldingsChannel reports. The institutional investor purchased 2,899 shares of the construction company’s stock, valued at approximately $2,392,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Toth Financial Advisory Corp purchased a new position in Comfort Systems USA in the 3rd quarter worth approximately $25,000. Quent Capital LLC purchased a new position in Comfort Systems USA in the third quarter valued at about $25,000. Ameritas Advisory Services LLC purchased a new stake in Comfort Systems USA during the 2nd quarter worth approximately $27,000. Eastern Bank purchased a new stake in Comfort Systems USA during the 3rd quarter worth approximately $31,000. Finally, Avion Wealth raised its position in shares of Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. UBS Group lifted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,011.75.

Insider Activity

In other news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the transaction, the director owned 4,000 shares in the company, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. The trade was a 3.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Down 0.8%

Shares of NYSE:FIX opened at $1,111.00 on Tuesday. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,147.03. The company has a 50 day moving average price of $974.46 and a 200 day moving average price of $827.72. The stock has a market capitalization of $39.18 billion, a price-to-earnings ratio of 47.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 23rd. The construction company reported $8.25 EPS for the quarter, beating the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the business posted $4.09 earnings per share. Comfort Systems USA’s revenue was up 35.2% compared to the same quarter last year. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

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.