Centiva Capital LP Buys New Shares in Comfort Systems USA, Inc. $FIX

Centiva Capital LP bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 1,013 shares of the construction company’s stock, valued at approximately $836,000.

Several other hedge funds have also added to or reduced their stakes in the business. Toth Financial Advisory Corp purchased a new stake in Comfort Systems USA during the third quarter valued at about $25,000. Quent Capital LLC purchased a new position in shares of Comfort Systems USA in the third quarter worth about $25,000. Ameriflex Group Inc. increased its holdings in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the period. Eastern Bank bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $31,000. Finally, Financial Life Planners purchased a new stake in Comfort Systems USA during the 3rd quarter valued at about $42,000. 96.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 8,636 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the transaction, the director owned 73,995 shares in the company, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the transaction, the director directly owned 9,166 shares of the company’s stock, valued at $13,229,471.12. This represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,288 shares of company stock valued at $53,677,038 over the last 90 days. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,366.39 on Monday. The company has a 50-day simple moving average of $1,241.96 and a two-hundred day simple moving average of $1,008.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The firm has a market capitalization of $48.06 billion, a PE ratio of 47.28 and a beta of 1.62. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business earned $4.09 EPS. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.69%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. DA Davidson raised their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Finally, UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $1,573.67.

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.