Caitlin John LLC Buys New Shares in Comfort Systems USA, Inc. $FIX

Caitlin John LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 648 shares of the construction company’s stock, valued at approximately $1,284,000. Comfort Systems USA comprises about 0.7% of Caitlin John LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also recently bought and sold shares of FIX. Jones Financial Companies Lllp bought a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $26,000. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA in the fourth quarter worth approximately $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA in the second quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the fourth quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC lifted its stake in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after buying an additional 7 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a report on Monday, July 27th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,778 shares of company stock valued at $56,306,777 over the last three months. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,616.34 on Friday. 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 $1,756.32 and its 200-day moving average is $1,670.47. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $56.88 billion, a price-to-earnings ratio of 39.75 and a beta of 1.69.

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

Comfort Systems USA Increases Dividend

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

Comfort Systems USA 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.