Northbridge Financial Group LLC Buys New Stake in Comfort Systems USA, Inc. $FIX

Northbridge Financial Group LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 434 shares of the construction company’s stock, valued at approximately $405,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. NewEdge Advisors LLC grew its holdings in shares of Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth grew its holdings 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 valued at $741,000 after purchasing an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC grew its holdings 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 valued at $579,000 after purchasing an additional 313 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Comfort Systems USA in the second quarter worth about $567,000. Finally, Sei Investments Co. grew its position in Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after acquiring an additional 17,839 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 1.5%

Shares of NYSE:FIX opened at $1,827.11 on Wednesday. Comfort Systems USA, Inc. has a 1 year low of $452.04 and a 1 year high of $2,073.99. The business has a 50 day simple moving average of $1,620.19 and a two-hundred day simple moving average of $1,275.29. The firm has a market capitalization of $64.31 billion, a PE ratio of 52.72 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business earned $4.75 earnings per share. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA’s payout ratio is presently 9.23%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. KeyCorp upgraded 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 research report on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group lifted their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,923.20.

Insider Activity

In other news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 61,024 shares of company stock valued at $99,678,386. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Company Profile

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.