Creek Drive Management Group LLC Makes New Investment in Comfort Systems USA, Inc. $FIX

Creek Drive Management Group LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,650 shares of the construction company’s stock, valued at approximately $1,540,000. Comfort Systems USA makes up approximately 1.1% of Creek Drive Management Group LLC’s portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. lifted its holdings in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA during the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the 4th quarter valued at $33,000. Farmers & Merchants Investments Inc. increased its holdings in Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on FIX. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. UBS Group lifted their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Erste Group Bank started coverage on Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $1,991.50.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,971.17 on Friday. The company has a market cap of $69.39 billion, a price-to-earnings ratio of 56.87 and a beta of 1.65. The firm’s fifty day moving average is $1,831.99 and its 200 day moving average is $1,420.84. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 52-week low of $489.98 and a 52-week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 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 last year, the business earned $4.75 earnings per share. Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insider Transactions at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers sold 4,500 shares of Comfort Systems USA stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the transaction, the director owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. This represents a 6.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,078 shares of company stock worth $46,651,175 in the last quarter. Company insiders own 1.24% 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.