Mirador Capital Partners LP Takes Position in Comfort Systems USA, Inc. $FIX

Mirador Capital Partners LP purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 382 shares of the construction company’s stock, valued at approximately $357,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Client Services LLC increased its stake in shares of Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after purchasing an additional 2,354 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Comfort Systems USA by 50.1% in the 3rd quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock worth $6,420,000 after purchasing an additional 2,598 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Comfort Systems USA by 2,271.3% in the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after purchasing an additional 15,831 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after buying an additional 2,461 shares during the last quarter. Finally, Caerus Investment Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $767,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction dated 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 completion of the sale, the director directly owned 18,035 shares in the company, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the completion of the transaction, the insider directly owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. This trade represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 37,288 shares of company stock valued at $53,677,038. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FIX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. UBS Group restated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $1,573.67.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,367.28 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The company has a market capitalization of $48.09 billion, a P/E ratio of 47.31 and a beta of 1.63. The firm has a 50 day moving average of $1,315.57 and a 200 day moving average of $1,055.79. 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 (NYSE:FIX) last announced 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 company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business earned $4.09 EPS. The firm’s revenue for the quarter was up 41.7% on a year-over-year basis. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

About Comfort Systems USA

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.