Tobam Takes $755,000 Position in Comfort Systems USA, Inc. $FIX

Tobam purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIXFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 809 shares of the construction company’s stock, valued at approximately $755,000.

A number of other institutional investors have also recently added to or reduced their stakes in FIX. Ameriflex Group Inc. grew its holdings in 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 buying an additional 15 shares in the last quarter. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter worth $33,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FIX shares. Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. DA Davidson lifted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,991.50.

View Our Latest Report on Comfort Systems USA

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,971.17 on Friday. Comfort Systems USA, Inc. has a 52 week low of $489.98 and a 52 week high of $2,073.99. The stock’s fifty day moving average is $1,831.99 and its two-hundred day moving average is $1,420.84. The company has a market capitalization of $69.39 billion, a P/E ratio of 56.87 and a beta of 1.65. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIXGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.75 EPS. Equities analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insider Activity at Comfort Systems USA

In other news, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the sale, the director directly owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the transaction, the director owned 68,983 shares in the company, valued at approximately $131,244,986.31. This represents a 6.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,078 shares of company stock valued at $46,651,175 over the last quarter. 1.24% of the stock is owned by insiders.

Comfort Systems USA Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIXFree Report).

Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.