Tema Etfs LLC Makes New $466,000 Investment in Comfort Systems USA, Inc. $FIX

Tema Etfs LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 499 shares of the construction company’s stock, valued at approximately $466,000.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares during the period. AQR Capital Management LLC increased its holdings in Comfort Systems USA by 6.8% in the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock valued at $678,475,000 after buying an additional 53,125 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $606,117,000 after buying an additional 197,613 shares in the last quarter. First Trust Advisors LP raised its position in shares of Comfort Systems USA by 29.8% in the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock worth $423,529,000 after acquiring an additional 117,892 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Comfort Systems USA by 8.8% during the 3rd quarter. Federated Hermes Inc. now owns 324,279 shares of the construction company’s stock worth $267,589,000 after acquiring an additional 26,335 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the completion of the sale, the insider directly owned 171,523 shares in the company, valued at $249,243,501.76. This represents a 5.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DA Davidson raised their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, UBS Group reissued a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,416.96 on Friday. The company has a market cap of $49.83 billion, a P/E ratio of 49.03 and a beta of 1.60. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The company’s 50-day moving average price is $1,334.65 and its 200-day moving average price is $1,070.78. 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 (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. Comfort Systems USA’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.09 EPS. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

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.