Focus Partners Advisor Solutions LLC Purchases 412 Shares of Comfort Systems USA, Inc. $FIX

Focus Partners Advisor Solutions LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,319 shares of the construction company’s stock after purchasing an additional 412 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Comfort Systems USA were worth $4,965,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ameriflex Group Inc. increased its stake in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Farmers & Merchants Investments Inc. increased its stake 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 purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC increased its stake 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 worth $41,000 after purchasing an additional 10 shares during the last quarter. Finally, ORG Partners LLC increased its stake in shares of Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In other news, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 4,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FIX has been the subject of several research analyst reports. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating for the company. Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, UBS Group lifted their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $1,991.50.

Comfort Systems USA Stock Down 1.3%

Shares of NYSE:FIX opened at $1,828.35 on Wednesday. Comfort Systems USA, Inc. has a 52-week low of $469.16 and a 52-week high of $2,073.99. The firm has a fifty day moving average of $1,754.19 and a 200 day moving average of $1,370.35. The firm has a market capitalization of $64.36 billion, a PE ratio of 52.75 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.75 earnings per share. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is currently 9.23%.

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.