AXQ Capital LP Makes New $344,000 Investment in Comfort Systems USA, Inc. $FIX

AXQ Capital LP purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, Holdings Channel reports. The fund purchased 369 shares of the construction company’s stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ethic Inc. grew its stake in Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. Spire Wealth Management boosted its holdings in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after purchasing an additional 4,679 shares during the period. BNP Paribas Financial Markets boosted its holdings in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after purchasing an additional 39,888 shares during the period. Moran Wealth Management LLC boosted its holdings in Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after purchasing an additional 7,192 shares during the period. Finally, Caerus Investment Advisors LLC bought a new stake in Comfort Systems USA in the 3rd quarter valued at about $767,000. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on FIX shares. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Oppenheimer started coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. DA Davidson boosted their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, KeyCorp raised shares of 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 report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average target price of $1,969.33.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,920.55 on Friday. The company has a 50 day moving average of $1,727.59 and a 200-day moving average of $1,350.97. Comfort Systems USA, Inc. has a 1-year low of $469.16 and a 1-year high of $2,073.99. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company has a market cap of $67.60 billion, a PE ratio of 55.41 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last issued its quarterly 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 net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm posted $4.75 EPS. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. As a group, equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at $25,252,670.88. This represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 4,500 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the transaction, the director directly owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,078 shares of company stock worth $46,651,175 over the last 90 days. 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.