New Millennium Group LLC Acquires New Position in Comfort Systems USA, Inc. $FIX

New Millennium Group LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,303 shares of the construction company’s stock, valued at approximately $6,026,000. Comfort Systems USA makes up about 2.8% of New Millennium Group LLC’s holdings, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Prakash Investment Advisors LLC purchased a new stake in shares of Comfort Systems USA during the third quarter worth $1,485,000. Fiera Capital Corp increased its position in Comfort Systems USA by 925.4% in the 3rd quarter. Fiera Capital Corp now owns 58,132 shares of the construction company’s stock worth $47,969,000 after purchasing an additional 52,463 shares during the last quarter. Synovus Financial Corp purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth about $217,000. NewEdge Wealth LLC acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $188,000. Finally, Essex Financial Services Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $339,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, UBS Group reissued a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,064.50.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,375.17 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,399.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a market capitalization of $48.50 billion, a PE ratio of 58.22 and a beta of 1.67. The stock has a 50-day simple moving average of $1,097.15 and a 200 day simple moving average of $925.73.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.09 earnings per share. Research 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 declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be given a $0.70 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

Insider Transactions at Comfort Systems USA

In related news, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, the senior vice president owned 7,938 shares in the company, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the transaction, the insider owned 180,888 shares in the company, valued at $171,478,206.24. This represents a 3.81% 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 12,528 shares of company stock worth $11,972,106. 1.59% of the stock is currently owned by company insiders.

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.