SG Americas Securities LLC Acquires 4,094 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Posted by Defense World Staff on Apr 28th, 2023

SG Americas Securities LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 65.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,375 shares of the construction company’s stock after purchasing an additional 4,094 shares during the period. SG Americas Securities LLC’s holdings in Comfort Systems USA were worth $1,194,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its position in shares of Comfort Systems USA by 2,814.3% during the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after buying an additional 394 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Comfort Systems USA by 64.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 387 shares of the construction company’s stock valued at $38,000 after acquiring an additional 151 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Comfort Systems USA by 190.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock valued at $42,000 after acquiring an additional 285 shares during the last quarter. Signaturefd LLC grew its stake in shares of Comfort Systems USA by 34.7% in the third quarter. Signaturefd LLC now owns 474 shares of the construction company’s stock worth $46,000 after acquiring an additional 122 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Comfort Systems USA by 60.8% during the first quarter. Lazard Asset Management LLC now owns 857 shares of the construction company’s stock valued at $76,000 after purchasing an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $148.85 on Friday. Comfort Systems USA, Inc. has a 12-month low of $74.14 and a 12-month high of $152.13. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 21.83 and a beta of 1.21. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $138.08 and its 200 day moving average is $125.09.

Comfort Systems USA (NYSE:FIX – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The construction company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.44. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Comfort Systems USA had a net margin of 5.94% and a return on equity of 20.47%. The company’s revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 6.62 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 21st. Shareholders of record on Friday, March 10th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, March 9th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.15. Comfort Systems USA’s payout ratio is currently 10.26%.

Insiders Place Their Bets

In related news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the completion of the transaction, the director now directly owns 24,722 shares in the company, valued at approximately $3,535,987.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Comfort Systems USA news, Director Vance W. Tang sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $147.00, for a total transaction of $367,500.00. Following the sale, the director now directly owns 26,297 shares of the company’s stock, valued at $3,865,659. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $143.03, for a total value of $429,090.00. Following the completion of the transaction, the director now directly owns 24,722 shares of the company’s stock, valued at approximately $3,535,987.66. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FIX shares. DA Davidson lifted their target price on shares of Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. StockNews.com started coverage on Comfort Systems USA in a research report on Thursday, March 16th. They set a “buy” rating for the company.

About Comfort Systems USA

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Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.