Jefferies Financial Group Inc. Purchases 169 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Jefferies Financial Group Inc. raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 11.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,602 shares of the construction company’s stock after buying an additional 169 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Comfort Systems USA were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Gotham Asset Management LLC lifted its stake in shares of Comfort Systems USA by 10.3% in the fourth quarter. Gotham Asset Management LLC now owns 14,747 shares of the construction company’s stock valued at $6,254,000 after buying an additional 1,383 shares during the period. Graham Capital Management L.P. bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $1,329,000. Focus Partners Wealth lifted its stake in shares of Comfort Systems USA by 85.7% in the fourth quarter. Focus Partners Wealth now owns 1,092 shares of the construction company’s stock valued at $463,000 after buying an additional 504 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of Comfort Systems USA by 4.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 16,968 shares of the construction company’s stock valued at $7,195,000 after buying an additional 784 shares during the period. Finally, Ethic Inc. bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $658,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $464.78 on Friday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $16.40 billion, a PE ratio of 31.81 and a beta of 1.48. The firm has a 50-day moving average price of $367.91 and a 200 day moving average price of $414.42.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the business posted $2.69 earnings per share. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.39%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. DA Davidson increased their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, April 28th. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a research report on Monday, February 24th. Finally, Stifel Nicolaus dropped their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $517.60.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now owns 198,046 shares of the company’s stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Vance W. Tang sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director now directly owns 4,998 shares of the company’s stock, valued at approximately $2,109,156. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock valued at $14,642,235. Corporate insiders own 1.59% of the company’s stock.

About Comfort Systems USA

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.