Park Avenue Securities LLC Acquires New Shares in Comfort Systems USA, Inc. $FIX

Park Avenue Securities LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, Holdings Channel reports. The firm acquired 3,619 shares of the construction company’s stock, valued at approximately $2,986,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth increased its position in shares of Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the last quarter. WBI Investments LLC raised its holdings in Comfort Systems USA by 26.9% in the 1st quarter. WBI Investments LLC now owns 628 shares of the construction company’s stock valued at $202,000 after buying an additional 133 shares during the period. Strs Ohio purchased a new stake in Comfort Systems USA in the 1st quarter valued at about $817,000. Finally, Inspire Investing LLC lifted its position in Comfort Systems USA by 13.4% in the first quarter. Inspire Investing LLC now owns 2,160 shares of the construction company’s stock valued at $696,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the sale, the insider owned 180,888 shares in the company, valued at $171,478,206.24. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,028 shares of company stock worth $25,381,151 over the last quarter. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Trading Up 4.0%

Shares of FIX stock opened at $1,010.61 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,050.45. The company has a 50 day moving average price of $960.69 and a 200 day moving average price of $800.32. The stock has a market capitalization of $35.64 billion, a P/E ratio of 42.79 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

FIX has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. 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. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Wall Street Zen cut 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,011.75.

Comfort Systems USA Company Profile

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.