CTC Alternative Strategies Ltd. Buys Shares of 811 Comfort Systems USA, Inc. $FIX

CTC Alternative Strategies Ltd. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 811 shares of the construction company’s stock, valued at approximately $669,000. Comfort Systems USA comprises 0.8% of CTC Alternative Strategies Ltd.’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Toth Financial Advisory Corp purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $25,000. Quent Capital LLC acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. lifted its stake 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. Eastern Bank purchased a new stake in Comfort Systems USA in the 3rd quarter valued at approximately $31,000. Finally, Financial Life Planners acquired a new stake in Comfort Systems USA during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FIX. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. DA Davidson lifted 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 note on Tuesday, February 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. One investment 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 stock. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus target price of $1,573.67.

Insider Buying and Selling

In other Comfort Systems USA news, SVP Terrence Reed sold 1,116 shares of Comfort Systems USA stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the completion of the sale, the senior vice president owned 2,834 shares in the company, valued at $3,960,033.22. The trade was a 28.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Sandbrook sold 2,500 shares of the company’s stock in a transaction dated 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 transaction, 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. Insiders have sold 37,288 shares of company stock worth $53,677,038 over the last ninety days. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Up 0.1%

Shares of FIX opened at $1,425.50 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The company has a market capitalization of $50.13 billion, a PE ratio of 49.33 and a beta of 1.63. The stock has a fifty day moving average of $1,265.30 and a two-hundred day moving average of $1,021.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $2.62. The business 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 business’s revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.09 earnings per share. As a group, analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was 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 is 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.