Strategic Global Advisors LLC Makes New $6.74 Million Investment in Comfort Systems USA, Inc. $FIX

Strategic Global Advisors LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,400 shares of the construction company’s stock, valued at approximately $6,739,000. Comfort Systems USA accounts for 1.0% of Strategic Global Advisors LLC’s investment portfolio, making the stock its 29th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Comfort Systems USA during the second quarter worth about $26,000. Core Wealth Advisors LLC purchased a new stake in Comfort Systems USA during the 4th quarter valued at approximately $28,000. Avalon Trust Co purchased a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new stake in Comfort Systems USA during the 4th quarter valued at approximately $33,000. Finally, Carolina Wealth Advisors LLC lifted its position in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,618.93 on Thursday. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99. The stock’s 50 day moving average is $1,763.42 and its two-hundred day moving average is $1,667.74. The firm has a market capitalization of $56.97 billion, a PE ratio of 39.82 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.53 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the business’s 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 sale, the director owned 62,115 shares in the company, valued at $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,754 shares of company stock worth $30,536,820 in the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Oppenheimer assumed coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, KeyCorp boosted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target of $2,082.86.

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.