1,067 Shares in Comfort Systems USA, Inc. $FIX Bought by Maridea Wealth Management LLC

Key Points

• Maridea Wealth Management LLC has acquired 1,067 shares of Comfort Systems USA, Inc. for approximately $572,000, reflecting growing interest from institutional investors.
• Comfort Systems USA recently reported better-than-expected earnings, with a $6.53 EPS surpassing analyst estimates, and announced a quarterly dividend increase from $0.45 to $0.50 per share.
• Brokerages have recently revised their ratings on Comfort Systems USA, with Stifel Nicolaus and DA Davidson both assigning a "buy" rating and increasing their price targets significantly.

Maridea Wealth Management LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,067 shares of the construction company's stock, valued at approximately $572,000.

Several other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $107,000 after buying an additional 22 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Comfort Systems USA by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company's stock worth $932,000 after buying an additional 34 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after buying an additional 37 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 1.9% during the 1st quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock worth $699,000 after buying an additional 40 shares during the period. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on FIX. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. DA Davidson increased their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Finally, Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and a consensus price target of $668.60.

Comfort Systems USA Trading Down 1.6%

Shares of Comfort Systems USA stock opened at $791.61 on Thursday. The stock has a market capitalization of $27.93 billion, a P/E ratio of 40.68 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $699.53 and a 200 day simple moving average of $523.50. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $825.00.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $3.74 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a dividend of $0.50 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio is 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the sale, the director owned 6,500 shares of the company's stock, valued at $4,523,220. The trade was a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 over the last ninety days. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.

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