Sivia Capital Partners LLC Has $1.98 Million Stake in Comfort Systems USA, Inc. $FIX

Sivia Capital Partners LLC increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 67.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,117 shares of the construction company’s stock after acquiring an additional 851 shares during the period. Sivia Capital Partners LLC’s holdings in Comfort Systems USA were worth $1,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenspring Advisors LLC acquired a new position in Comfort Systems USA in the 4th quarter worth approximately $279,000. Marietta Investment Partners LLC boosted its stake in Comfort Systems USA by 11.6% in the 4th quarter. Marietta Investment Partners LLC now owns 3,749 shares of the construction company’s stock worth $3,499,000 after purchasing an additional 390 shares during the period. Avestar Capital LLC acquired a new position in Comfort Systems USA in the 4th quarter worth approximately $297,000. CIBC Asset Management Inc boosted its stake in Comfort Systems USA by 643.6% in the 4th quarter. CIBC Asset Management Inc now owns 8,314 shares of the construction company’s stock worth $7,759,000 after purchasing an additional 7,196 shares during the period. Finally, Bridges Investment Management Inc. boosted its stake in shares of Comfort Systems USA by 4.9% during the 4th quarter. Bridges Investment Management Inc. now owns 6,149 shares of the construction company’s stock valued at $5,739,000 after buying an additional 286 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research note on Friday, April 24th. UBS Group lifted their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Comfort Systems USA Stock Down 1.7%

FIX stock opened at $1,851.88 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 1 year low of $469.16 and a 1 year high of $2,073.99. The company has a fifty day simple moving average of $1,718.44 and a 200 day simple moving average of $1,343.83. The firm has a market cap of $65.19 billion, a PE ratio of 53.43 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business earned $4.75 EPS. Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction 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 completion of the sale, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,078 shares of company stock worth $46,651,175 in the last 90 days. 1.24% of the stock is owned by corporate insiders.

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.