Roman Butler Fullerton & Co. Purchases New Holdings in Comfort Systems USA, Inc. $FIX

Roman Butler Fullerton & Co. acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 863 shares of the construction company’s stock, valued at approximately $1,495,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avalon Trust Co purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $32,000. Carolina Wealth Advisors LLC increased 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 valued at $36,000 after buying an additional 7 shares in the last quarter. Core Wealth Advisors LLC bought a new position in Comfort Systems USA during the 4th quarter valued at approximately $28,000. CENTRAL TRUST Co purchased a new position in Comfort Systems USA during the first quarter valued at $46,000. Finally, Ascentis Independent Advisors purchased a new position in Comfort Systems USA during the first quarter valued at $46,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,774.19 on Monday. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The stock has a 50-day moving average of $1,793.06 and a 200 day moving average of $1,638.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market capitalization of $62.43 billion, a price-to-earnings ratio of 43.63 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its 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. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.53 EPS. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,542 shares of company stock worth $26,437,101 in the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FIX has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. UBS Group raised their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. KeyCorp upped their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a report 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 issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $2,057.86.

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.