Kaizen Advisory LLC Takes $1.04 Million Position in Comfort Systems USA, Inc. (FIX)

Kaizen Advisory LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,364 shares of the construction company’s stock, valued at approximately $1,036,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $136,000. Sei Investments Co. lifted its holdings in shares of Comfort Systems USA by 55.9% during the first quarter. Sei Investments Co. now owns 3,515 shares of the construction company’s stock valued at $145,000 after purchasing an additional 1,260 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $162,000. Greenwood Capital Associates LLC purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $245,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Comfort Systems USA by 352.2% during the second quarter. Meeder Asset Management Inc. now owns 5,530 shares of the construction company’s stock valued at $253,000 after purchasing an additional 4,307 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Shares of FIX traded up $0.42 on Friday, hitting $54.23. 117 shares of the stock traded hands, compared to its average volume of 373,707. The company has a market capitalization of $2.02 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. Comfort Systems USA, Inc. has a one year low of $39.40 and a one year high of $59.05.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, October 26th. The construction company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.18. The company had revenue of $594.54 million during the quarter, compared to the consensus estimate of $566.75 million. Comfort Systems USA had a net margin of 4.64% and a return on equity of 22.60%. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 2.99 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.36 annualized dividend and a dividend yield of 0.66%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.09. Comfort Systems USA’s dividend payout ratio (DPR) is 19.54%.

In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $53.33, for a total value of $106,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Franklin Myers bought 3,047 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was bought at an average cost of $56.76 per share, with a total value of $172,947.72. Following the transaction, the chairman now owns 225,000 shares in the company, valued at approximately $12,771,000. The disclosure for this purchase can be found here. 3.48% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Tuesday, July 24th. Finally, DA Davidson set a $55.00 target price on shares of Comfort Systems USA and gave the company a “hold” rating in a report on Monday, July 30th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Comfort Systems USA presently has an average rating of “Hold” and an average price target of $59.00.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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