Tema Etfs LLC Acquires New Holdings in Comfort Systems USA, Inc. $FIX

Tema Etfs LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 499 shares of the construction company’s stock, valued at approximately $466,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in shares of Comfort Systems USA in the 3rd quarter worth $25,000. Quent Capital LLC bought a new stake in Comfort Systems USA during the third quarter valued at about $25,000. Ameriflex Group Inc. grew its stake in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Eastern Bank purchased a new position in Comfort Systems USA in the third quarter valued at about $31,000. Finally, JFS Wealth Advisors LLC raised its holdings 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 in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FIX shares. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a report on Monday, February 23rd. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, DA Davidson lifted 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 report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1,573.67.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 4,500 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the sale, the director directly owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George III sold 9,000 shares of Comfort Systems USA stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the transaction, the chief financial officer owned 37,824 shares of the company’s stock, valued at $54,276,305.28. The trade was a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,288 shares of company stock valued at $53,677,038 over the last quarter. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Down 0.8%

Comfort Systems USA stock opened at $1,416.96 on Friday. The stock has a 50-day moving average price of $1,334.65 and a 200 day moving average price of $1,070.78. The company has a market capitalization of $49.83 billion, a price-to-earnings ratio of 49.03 and a beta of 1.60. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company earned $4.09 EPS. Comfort Systems USA’s quarterly revenue was up 41.7% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were paid a $0.70 dividend. The ex-dividend date was Friday, March 6th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

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.