Virtus Advisers LLC Purchases Shares of 738 Comfort Systems USA, Inc. $FIX

Virtus Advisers LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 738 shares of the construction company’s stock, valued at approximately $1,463,000. Comfort Systems USA makes up approximately 0.6% of Virtus Advisers LLC’s investment portfolio, making the stock its 28th biggest position.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in shares of Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth raised its stake in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC raised its stake 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 acquiring an additional 313 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Comfort Systems USA in the second quarter valued at $567,000. Finally, Sei Investments Co. lifted its position in Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 17,839 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on FIX shares. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Oppenheimer started coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. UBS Group set a $2,100.00 price target on Comfort Systems USA in a research note on Thursday. Finally, The Goldman Sachs Group started coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. One equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $2,040.00.

Insider Activity

In other news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of the 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 transaction, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,096 shares of company stock valued at $31,186,647 over the last quarter. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,674.43 on Friday. 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 fifty day moving average price of $1,788.02 and a 200 day moving average price of $1,655.06. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99. The company has a market cap of $58.92 billion, a PE ratio of 41.18 and a beta of 1.69.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change 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.