BluePath Capital Management LLC Acquires New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

BluePath Capital Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 500 shares of the construction company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversified Trust Co bought a new stake in shares of Comfort Systems USA in the fourth quarter worth $2,998,000. Zacks Investment Management raised its position in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Comfort Systems USA in the third quarter worth approximately $1,484,000. WCM Investment Management LLC boosted its holdings in Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after acquiring an additional 14,090 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Comfort Systems USA during the 3rd quarter valued at approximately $940,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price target for the company. Finally, UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Stock Up 5.7 %

Comfort Systems USA stock opened at $493.11 on Thursday. The company has a market capitalization of $17.55 billion, a PE ratio of 37.73 and a beta of 1.23. Comfort Systems USA, Inc. has a 12-month low of $198.30 and a 12-month high of $510.79. The firm’s fifty day moving average is $460.49 and its 200 day moving average is $389.66. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.74 earnings per share. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

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.