Oak Thistle LLC Invests $621,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Oak Thistle LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,464 shares of the construction company’s stock, valued at approximately $621,000.

Other hedge funds have also added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the third quarter worth about $38,000. V Square Quantitative Management LLC boosted its position in Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares during the last quarter. True Wealth Design LLC bought a new position in Comfort Systems USA in the third quarter valued at approximately $53,000. Finally, Contravisory Investment Management Inc. increased its position in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 5.7 %

FIX stock opened at $493.11 on Thursday. Comfort Systems USA, Inc. has a one year low of $198.30 and a one year high of $510.79. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 37.73 and a beta of 1.23. The company has a fifty day moving average price of $460.49 and a two-hundred day moving average price of $389.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 EPS. Equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Insider Buying and Selling

In related news, Chairman Franklin Myers sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the transaction, the chairman now directly owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. This represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,200 shares of company stock valued at $15,431,250. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIX. UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective for the company. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $493.50.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.