Liberty One Investment Management LLC Invests $463,000 in Comfort Systems USA, Inc. $FIX

Liberty One Investment Management LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 561 shares of the construction company’s stock, valued at approximately $463,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital increased its stake in shares of Comfort Systems USA by 3.8% in the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after buying an additional 18 shares during the period. Archer Investment Corp increased its position in Comfort Systems USA by 8.0% during the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after purchasing an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after purchasing an additional 22 shares during the last quarter. Transce3nd LLC lifted its position in shares of Comfort Systems USA by 12.9% in the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock worth $104,000 after purchasing an additional 22 shares during the period. Finally, Optimum Investment Advisors increased its position in shares of Comfort Systems USA by 0.8% during the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after buying an additional 25 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,071.89 on Wednesday. The business’s fifty day simple moving average is $964.18 and its 200 day simple moving average is $811.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,078.70. The firm has a market capitalization of $37.81 billion, a P/E ratio of 45.38 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 23rd. The construction company reported $8.25 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $1.96. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.09 EPS. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the transaction, the director owned 4,000 shares in the company, valued at approximately $4,021,640. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers sold 5,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the transaction, the director directly owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 26,028 shares of company stock valued at $25,381,151. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,011.75.

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.