Comfort Systems USA, Inc. $FIX Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 67.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,215 shares of the construction company’s stock after selling 4,546 shares during the period. New Age Alpha Advisors LLC’s holdings in Comfort Systems USA were worth $2,067,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. increased its holdings in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of 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 purchasing an additional 9 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 10 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Comfort Systems USA by 63.0% in the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 17 shares in the last quarter. Finally, Financial Life Planners purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIX shares. UBS Group increased their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. DA Davidson increased their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,923.20.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the completion of the transaction, the chief financial officer directly owned 33,804 shares in the company, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darcy Anderson sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director owned 18,035 shares of the company’s stock, valued at $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,352 shares of company stock worth $53,724,598 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,886.97 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $1,666.57 and a two-hundred day moving average price of $1,306.05. Comfort Systems USA, Inc. has a twelve month low of $465.05 and a twelve month high of $2,073.99. The company has a market capitalization of $66.42 billion, a P/E ratio of 54.44 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share 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 firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm posted $4.75 EPS. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, research analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share 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. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is 9.23%.

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.