Geneva Partners LLC Increases Stock Position in Comfort Systems USA, Inc. $FIX

Geneva Partners LLC increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 53.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,186 shares of the construction company’s stock after acquiring an additional 1,451 shares during the quarter. Comfort Systems USA makes up about 2.8% of Geneva Partners LLC’s holdings, making the stock its 15th biggest position. Geneva Partners LLC’s holdings in Comfort Systems USA were worth $5,773,000 as of its most recent SEC filing.

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

Comfort Systems USA Trading Down 6.2%

NYSE FIX opened at $1,682.03 on Wednesday. The stock has a market capitalization of $59.21 billion, a P/E ratio of 48.53 and a beta of 1.66. Comfort Systems USA, Inc. has a 52-week low of $513.99 and a 52-week high of $2,073.99. The firm has a 50-day moving average price of $1,884.14 and a 200 day moving average price of $1,500.61. 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:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company earned $4.75 EPS. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. Equities research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a $0.80 dividend. This represents a $3.20 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 $0.70. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the transaction, the chief financial officer owned 33,804 shares in the company, valued at approximately $65,855,938.68. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Julie Shaeff sold 1,123 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 over the last three months. 1.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FIX shares. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Erste Group Bank started coverage on Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Oppenheimer started coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. Finally, Glj Research initiated coverage on 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. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,991.50.

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.