1,675 Shares in Comfort Systems USA, Inc. $FIX Acquired by FNY Investment Advisers LLC

FNY Investment Advisers 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 1,675 shares of the construction company’s stock, valued at approximately $1,382,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $256,998,000. AQR Capital Management LLC raised its holdings in shares of Comfort Systems USA by 47.5% during the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after purchasing an additional 252,007 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Comfort Systems USA during the second quarter valued at $114,551,000. JPMorgan Chase & Co. lifted its position in Comfort Systems USA by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after purchasing an additional 197,613 shares during the period. Finally, AMF Tjanstepension AB purchased a new stake in Comfort Systems USA in the third quarter valued at $156,183,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the transaction, the insider owned 171,523 shares in the company, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the transaction, the director owned 18,035 shares in the company, valued at $24,703,260.90. This represents a 19.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,288 shares of company stock worth $53,677,038 in the last ninety days. 1.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FIX. DA Davidson increased 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. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus target price of $1,573.67.

Comfort Systems USA Stock Up 0.1%

FIX stock opened at $1,425.50 on Thursday. The firm has a market cap of $50.13 billion, a PE ratio of 49.33 and a beta of 1.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm’s fifty day moving average is $1,265.30 and its 200 day moving average is $1,021.44. 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 issued its quarterly earnings data 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 net margin of 11.23% and a return on equity of 48.52%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $4.09 earnings per share. The company’s revenue was up 41.7% compared to the same quarter last year. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were paid a $0.70 dividend. The ex-dividend date was Friday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.69%.

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.