Aster Capital Management DIFC Ltd Acquires Shares of 1,260 Comfort Systems USA, Inc. $FIX

Aster Capital Management DIFC Ltd acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,260 shares of the construction company’s stock, valued at approximately $1,176,000.

Several other large investors also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. boosted its position in Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares during the period. Great Lakes Advisors LLC boosted its position in Comfort Systems USA by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after buying an additional 9 shares during the period. JFS Wealth Advisors LLC boosted its position in Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 10 shares during the period. West Michigan Advisors LLC boosted its position in Comfort Systems USA by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock valued at $717,000 after buying an additional 10 shares during the period. Finally, EWA LLC boosted its position in Comfort Systems USA by 2.7% in the 4th quarter. EWA LLC now owns 379 shares of the construction company’s stock valued at $353,000 after buying an additional 10 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,951.63 on Tuesday. The company has a 50 day moving average price of $1,792.15 and a 200-day moving average price of $1,396.52. Comfort Systems USA, Inc. has a fifty-two week low of $489.98 and a fifty-two week high of $2,073.99. The stock has a market capitalization of $68.70 billion, a PE ratio of 56.31 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating 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 analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the company posted $4.75 earnings per share. Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. Equities analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 161,089 shares in the company, valued at $317,319,555.76. The trade was a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,078 shares of company stock valued at $46,651,175 over the last three months. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on FIX. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. 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 research report on Friday, April 24th. Erste Group Bank assumed coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They issued a “buy” rating for the company. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, DA Davidson upped their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus price target of $1,991.50.

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.