Calamos Advisors LLC Acquires 4,255 Shares of Comfort Systems USA, Inc. $FIX

Calamos Advisors LLC grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 229.9% during the 1st quarter, HoldingsChannel reports. The fund owned 6,106 shares of the construction company’s stock after buying an additional 4,255 shares during the period. Calamos Advisors LLC’s holdings in Comfort Systems USA were worth $8,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at $28,000. CENTRAL TRUST Co purchased a new stake in Comfort Systems USA during the 1st quarter worth about $46,000. Ascentis Independent Advisors bought a new position in Comfort Systems USA in the 1st quarter worth about $46,000. Brown Lisle Cummings Inc. bought a new position in Comfort Systems USA in the 1st quarter worth about $47,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Comfort Systems USA during the 4th quarter valued at about $33,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,774.40 on Wednesday. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week high of $2,073.99. The business has a 50-day simple moving average of $1,877.64 and a 200 day simple moving average of $1,528.74. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The stock has a market cap of $62.46 billion, a price-to-earnings ratio of 51.19 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the company earned $4.75 EPS. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, research analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a $0.80 dividend. 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. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

Analysts Set New Price Targets

FIX has been the topic of several analyst reports. Erste Group Bank began coverage on Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,015.43.

Insider Buying and Selling

In related news, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William George III sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 33,804 shares in the company, valued at $65,855,938.68. This represents a 10.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,778 shares of company stock valued at $59,746,124 in the last 90 days. 1.24% of the stock is owned by company insiders.

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.