17,617 Shares in Comfort Systems USA, Inc. $FIX Purchased by OP Asset Management Ltd

OP Asset Management Ltd acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 17,617 shares of the construction company’s stock, valued at approximately $24,294,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. raised its holdings in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after buying an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new position in Comfort Systems USA in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new position in Comfort Systems USA in the 4th quarter worth approximately $33,000. Farmers & Merchants Investments Inc. increased its position in 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 acquiring an additional 9 shares during the period. Finally, JFS Wealth Advisors LLC increased its position in 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 acquiring an additional 10 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on FIX shares. Glj Research initiated coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. UBS Group increased their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Erste Group Bank started coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating on the stock. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and an average target price of $1,991.50.

Insider Transactions at Comfort Systems USA

In other news, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Franklin Myers sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the sale, the director owned 68,983 shares in the company, valued at $131,244,986.31. The trade was a 6.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,078 shares of company stock valued at $46,651,175 in the last quarter. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,950.12 on Thursday. Comfort Systems USA, Inc. has a 12 month low of $507.57 and a 12 month high of $2,073.99. The stock has a market cap of $68.64 billion, a price-to-earnings ratio of 56.26 and a beta of 1.65. The stock’s 50 day moving average price is $1,854.59 and its 200 day moving average price is $1,445.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm posted $4.75 earnings per share. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 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.