1,067 Shares in Comfort Systems USA, Inc. $FIX Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,067 shares of the construction company’s stock, valued at approximately $2,115,000.

Several other institutional investors have also modified their holdings of the stock. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA in the 4th quarter valued at about $28,000. Avalon Trust Co purchased a new stake in Comfort Systems USA during the 2nd quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $33,000. Carolina Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DA Davidson began coverage on Comfort Systems USA in a research note on Friday. They issued a “buy” rating and a $2,100.00 price target on the stock. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Finally, UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Trading Down 2.9%

Shares of Comfort Systems USA stock opened at $1,607.66 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The stock’s 50 day simple moving average is $1,776.76 and its 200-day simple moving average is $1,661.26. The stock has a market cap of $56.57 billion, a P/E ratio of 39.54 and a beta of 1.69. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the firm earned $6.53 earnings per share. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. Analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the transaction, the director owned 62,115 shares in the company, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,096 shares of company stock worth $31,186,647 in the last quarter. Company insiders own 1.24% of the company’s stock.

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.