Mach 1 Financial Group LLC Purchases Shares of 922 Comfort Systems USA, Inc. $FIX

Mach 1 Financial Group LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 922 shares of the construction company’s stock, valued at approximately $860,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. raised its holdings in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the period. ORG Partners LLC raised its holdings in shares of Comfort Systems USA by 63.0% in the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 17 shares during the period. Finally, Financial Life Planners bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $42,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Comfort Systems USA news, Director Franklin Myers sold 8,636 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director owned 73,995 shares in the company, valued at $108,962,077.20. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the transaction, the director owned 9,166 shares in the company, valued at approximately $13,229,471.12. The trade was a 21.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 61,024 shares of company stock worth $99,678,386. Insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIX. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Glj Research began coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, UBS Group upped their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

Comfort Systems USA Stock Up 0.5%

Comfort Systems USA stock opened at $1,834.04 on Thursday. The stock has a market cap of $64.56 billion, a P/E ratio of 52.92 and a beta of 1.70. 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, Inc. has a twelve month low of $452.04 and a twelve month high of $2,073.99. The company’s 50-day moving average price is $1,629.45 and its two-hundred day moving average price is $1,281.43.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 EPS. As a group, analysts expect that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

Comfort Systems USA 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.