1,130 Shares in Comfort Systems USA, Inc. $FIX Acquired by Compass Financial Management LLC

Key Points

• Compass Financial Management acquired 1,130 shares of Comfort Systems USA valued at approximately $2.24 million, while institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 versus a $10.45 estimate and revenue of $3.27 billion, up 50.3% year over year.
• The company raised its quarterly dividend to $0.90 per share, and analysts maintain a consensus “Buy” rating with an average price target of $2,082.86.

Compass Financial Management LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,130 shares of the construction company's stock, valued at approximately $2,238,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $6,734,037,000. Norges Bank acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth $469,606,000. State Street Corp increased its position in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company's stock worth $1,333,367,000 after buying an additional 375,118 shares during the period. Geode Capital Management LLC raised its stake in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company's stock worth $1,103,453,000 after buying an additional 332,441 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company's stock worth $289,349,000 after buying an additional 309,217 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Up 2.0%

NYSE:FIX opened at $1,611.87 on Friday. Comfort Systems USA, Inc. has a 12 month low of $682.00 and a 12 month high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $56.72 billion, a price-to-earnings ratio of 39.64 and a beta of 1.67. The firm has a fifty day simple moving average of $1,708.39 and a two-hundred day simple moving average of $1,678.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating 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 return on equity of 53.55% and a net margin of 12.77%.The company's quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.53 earnings per share. Analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders 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 represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's payout ratio is 8.85%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent analyst reports. DA Davidson initiated coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They issued a "buy" rating and a $2,100.00 target price on the stock. The Goldman Sachs Group began coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 price objective for the company. Wall Street Zen downgraded Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Finally, KeyCorp raised their target price on 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $2,082.86.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George, III sold 2,554 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,778 shares of company stock worth $56,306,777 in the last 90 days. Insiders own 1.24% of the company's stock.

Comfort Systems USA Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source