Jag Capital Management LLC Takes $319,000 Position in Comfort Systems USA, Inc. $FIX

Jag Capital Management LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 386 shares of the construction company’s stock, valued at approximately $319,000.

A number of other large investors also recently bought and sold shares of FIX. Toth Financial Advisory Corp purchased a new stake in shares of Comfort Systems USA during the third quarter valued at $25,000. Quent Capital LLC bought a new stake in Comfort Systems USA during the 3rd quarter valued at about $25,000. Eastern Bank purchased a new stake in Comfort Systems USA in the 3rd quarter valued at about $31,000. Avion Wealth grew its stake in Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after acquiring an additional 54 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Comfort Systems USA during the third quarter worth approximately $83,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,469.37 on Wednesday. The company has a market capitalization of $51.68 billion, a PE ratio of 50.84 and a beta of 1.67. The company has a 50-day simple moving average of $1,126.11 and a two-hundred day simple moving average of $944.94. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,480.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is 8.30%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. UBS Group reiterated a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday. Finally, DA Davidson boosted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $1,573.67.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the sale, the chief financial officer owned 37,824 shares of the company’s stock, valued at approximately $54,276,305.28. The trade was a 19.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Laura Finley Howell sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the transaction, the senior vice president owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,870 shares of company stock valued at $20,228,696 over the last 90 days. Company insiders own 1.59% of the company’s stock.

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.