Ajo LP Acquires 26,994 Shares of Comfort Systems USA, Inc. (NYSE:FIX)


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Ajo LP increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 24.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 139,702 shares of the construction company’s stock after purchasing an additional 26,994 shares during the quarter. Ajo LP owned 0.38% of Comfort Systems USA worth $7,195,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. Robecosam AG bought a new stake in Comfort Systems USA during the 3rd quarter worth approximately $12,960,000. Paradice Investment Management LLC acquired a new stake in Comfort Systems USA in the 2nd quarter valued at about $10,130,000. Principal Financial Group Inc. lifted its stake in Comfort Systems USA by 74.2% in the 3rd quarter. Principal Financial Group Inc. now owns 500,980 shares of the construction company’s stock valued at $25,807,000 after purchasing an additional 213,373 shares during the last quarter. Nordea Investment Management AB lifted its stake in Comfort Systems USA by 105.3% in the 2nd quarter. Nordea Investment Management AB now owns 231,040 shares of the construction company’s stock valued at $9,244,000 after purchasing an additional 118,498 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its stake in Comfort Systems USA by 12.2% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 867,293 shares of the construction company’s stock valued at $44,674,000 after purchasing an additional 94,150 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

NYSE:FIX opened at $49.22 on Friday. The firm has a 50 day simple moving average of $51.85 and a 200-day simple moving average of $45.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.24 and a quick ratio of 1.22. The firm has a market cap of $1.79 billion, a PE ratio of 12.82 and a beta of 1.09. Comfort Systems USA, Inc. has a 1-year low of $27.54 and a 1-year high of $58.14.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Saturday, October 31st. The construction company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. Comfort Systems USA had a net margin of 4.91% and a return on equity of 21.36%. The business had revenue of $714.10 million during the quarter, compared to analyst estimates of $774.80 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 3.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 20th. Shareholders of record on Monday, November 9th were given a dividend of $0.11 per share. The ex-dividend date was Friday, November 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.11. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 14.67%.

Several brokerages recently issued reports on FIX. DA Davidson raised their target price on shares of Comfort Systems USA from $32.00 to $45.00 in a research note on Wednesday, July 29th. FIX reiterated a “sell” rating on shares of Comfort Systems USA in a research note on Friday, August 7th. Zacks Investment Research cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Friday, October 30th. Finally, ValuEngine downgraded shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.00.

In related news, Chairman Franklin Myers acquired 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average cost of $49.97 per share, with a total value of $174,895.00. Following the purchase, the chairman now owns 274,288 shares of the company’s stock, valued at $13,706,171.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $49.74, for a total value of $994,800.00. Following the completion of the transaction, the insider now directly owns 267,491 shares in the company, valued at $13,305,002.34. The disclosure for this sale can be found here. Company insiders own 3.23% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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