Dorsey Wright & Associates Invests $6.56 Million in Comfort Systems USA, Inc. $FIX

Dorsey Wright & Associates acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,946 shares of the construction company’s stock, valued at approximately $6,557,000. Comfort Systems USA comprises about 1.5% of Dorsey Wright & Associates’ investment portfolio, making the stock its 21st largest holding.

Several other hedge funds have also recently added to or reduced their stakes in FIX. NewEdge Advisors LLC lifted its holdings in shares of Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after acquiring an additional 313 shares during the last quarter. ProShare Advisors LLC increased its position in Comfort Systems USA by 3.1% during the second quarter. ProShare Advisors LLC now owns 1,559 shares of the construction company’s stock worth $836,000 after acquiring an additional 47 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Comfort Systems USA by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 5,644 shares of the construction company’s stock worth $3,026,000 after acquiring an additional 112 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 0.8%

Shares of FIX stock opened at $1,424.97 on Wednesday. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a fifty day moving average price of $1,257.48 and a 200 day moving average price of $1,018.60. The stock 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 announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $4.09 EPS. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. Analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced 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 of this dividend was Friday, March 6th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.69%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of Comfort Systems USA 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 sale, the insider directly owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. The trade was a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Sandbrook sold 2,500 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $13,229,471.12. This represents a 21.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,288 shares of company stock valued at $53,677,038. Corporate insiders own 1.59% of the company’s stock.

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.