Caerus Investment Advisors LLC Takes $767,000 Position in Comfort Systems USA, Inc. $FIX

Caerus Investment Advisors LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 929 shares of the construction company’s stock, valued at approximately $767,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after acquiring an additional 73,727 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after purchasing an additional 46,773 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Comfort Systems USA by 6.8% in the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after purchasing an additional 53,125 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after purchasing an additional 197,613 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Comfort Systems USA by 29.8% during the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after purchasing an additional 117,892 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. DA Davidson lifted their price objective 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, February 23rd. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a report on Monday, February 23rd. UBS Group reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Stock Up 0.8%

Shares of Comfort Systems USA stock opened at $1,424.97 on Wednesday. The firm’s 50 day moving average price is $1,257.48 and its 200-day moving average price is $1,018.60. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00. The company has a market cap of $50.12 billion, a P/E ratio of 49.31 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.09 earnings per share. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is 9.69%.

Insider Activity

In related news, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director directly owned 18,035 shares of the company’s stock, valued at $24,703,260.90. This represents a 19.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction dated 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 completion of the sale, the director owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,288 shares of company stock worth $53,677,038 over the last quarter. Company insiders own 1.59% of the company’s stock.

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.