Aventail Capital Group LP Acquires 2,759 Shares of Comfort Systems USA, Inc. $FIX

Aventail Capital Group LP increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 67.1% during the 4th quarter, HoldingsChannel reports. The firm owned 6,873 shares of the construction company’s stock after buying an additional 2,759 shares during the period. Aventail Capital Group LP’s holdings in Comfort Systems USA were worth $6,415,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. increased its position in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA in the fourth quarter worth $28,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the fourth quarter worth $33,000. Farmers & Merchants Investments Inc. increased its position in 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 purchasing an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FIX shares. Glj Research assumed coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. 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 research report on Monday, February 23rd. 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 research report on Thursday, April 16th. Finally, Erste Group Bank assumed coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,991.50.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the sale, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. The trade was a 2.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Trading Up 0.9%

NYSE FIX opened at $1,932.05 on Thursday. The company’s 50-day moving average price is $1,812.16 and its 200-day moving average price is $1,409.97. 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 stock has a market cap of $68.01 billion, a PE ratio of 55.74 and a beta of 1.65. Comfort Systems USA, Inc. has a 12 month low of $489.98 and a 12 month 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. 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 analyst estimates of $2.39 billion. During the same period in the prior year, the firm earned $4.75 earnings per share. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. Equities research analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders 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 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.

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.