GAMMA Investing LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

GAMMA Investing LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 281 shares of the construction company’s stock, valued at approximately $61,000.

A number of other hedge funds also recently bought and sold shares of FIX. State Board of Administration of Florida Retirement System grew its position in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock worth $1,724,000 after buying an additional 60 shares during the last quarter. Portside Wealth Group LLC raised its holdings in Comfort Systems USA by 3.6% in the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock worth $368,000 after purchasing an additional 74 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its position in shares of Comfort Systems USA by 5.5% in the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock worth $244,000 after purchasing an additional 75 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Comfort Systems USA by 7.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,463 shares of the construction company’s stock valued at $249,000 after purchasing an additional 101 shares in the last quarter. Finally, Diversified Trust Co raised its stake in Comfort Systems USA by 2.0% in the third quarter. Diversified Trust Co now owns 5,575 shares of the construction company’s stock worth $950,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FIX. KeyCorp initiated coverage on Comfort Systems USA in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson boosted their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

Insiders Place Their Bets

In related news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares in the company, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the sale, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the sale, the director now owns 43,741 shares of the company’s stock, valued at $13,848,400.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,614 shares of company stock valued at $13,739,345. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Down 2.4 %

NYSE FIX opened at $301.98 on Thursday. The stock’s fifty day moving average price is $306.94 and its 200-day moving average price is $237.88. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock has a market cap of $10.79 billion, a P/E ratio of 29.90 and a beta of 1.19. Comfort Systems USA, Inc. has a 12 month low of $144.45 and a 12 month high of $335.25.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.40%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.90%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.