Global Retirement Partners LLC Purchases New Position in Comfort Systems USA, Inc. $FIX

Global Retirement Partners LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, Holdings Channel reports. The firm bought 684 shares of the construction company’s stock, valued at approximately $1,356,000.

Several other institutional investors and hedge funds have also modified their holdings of FIX. NewEdge Advisors LLC grew its position in Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth grew its position in Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC increased its position in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after purchasing an additional 313 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Comfort Systems USA during the second quarter worth $567,000. Finally, Sei Investments Co. increased its holdings in Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after purchasing an additional 17,839 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIX has been the subject of several analyst reports. Oppenheimer initiated 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 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. KeyCorp increased their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, UBS Group raised their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $2,057.86.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 11th. The stock was 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 owned 8,495 shares of the company’s stock, valued at $14,389,850.40. The trade was a 32.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the sale, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,542 shares of company stock worth $26,437,101 in the last three months. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Stock Up 6.0%

Shares of NYSE FIX opened at $1,879.96 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 has a market capitalization of $66.16 billion, a PE ratio of 46.24 and a beta of 1.69. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The business’s fifty day moving average price is $1,793.64 and its 200-day moving average price is $1,643.63.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the company earned $6.53 earnings per share. On average, equities research analysts anticipate 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 paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

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.