Comfort Systems USA, Inc. $FIX Shares Acquired by Patton Fund Management Inc.

Patton Fund Management Inc. grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 1,264.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,410 shares of the construction company’s stock after purchasing an additional 3,160 shares during the quarter. Comfort Systems USA accounts for about 0.8% of Patton Fund Management Inc.’s holdings, making the stock its 19th biggest holding. Patton Fund Management Inc.’s holdings in Comfort Systems USA were worth $4,702,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. lifted its holdings in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA in the 4th quarter valued at approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA in the fourth quarter worth $33,000. Farmers & Merchants Investments Inc. grew its stake in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Oppenheimer assumed coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $1,991.50.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,857.84 on Monday. The stock has a 50 day moving average price of $1,865.99 and a 200 day moving average price of $1,458.73. 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 company has a market capitalization of $65.40 billion, a price-to-earnings ratio of 53.60 and a beta of 1.66. Comfort Systems USA, Inc. has a 52-week low of $510.00 and a 52-week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the company earned $4.75 earnings per share. Research analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the transaction, the chief financial officer owned 32,804 shares in the company, valued at $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,778 shares of company stock worth $59,746,124 over the last three months. Company insiders own 1.24% of the company’s stock.

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.