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

Key Points

• Compass Financial Management initiated a position of 1,130 Comfort Systems USA shares valued at approximately $2.24 million. Institutional investors collectively own 96.51% of the company.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $2,082.86, despite one recent downgrade to “Hold.”
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 exceeding estimates and revenue rising 50.3% year over year to $3.27 billion. The company also increased its quarterly dividend to $0.90 per share.

Compass Financial Management LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,130 shares of the construction company's stock, valued at approximately $2,238,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth about $28,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $33,000. Carolina Wealth Advisors LLC grew its stake in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after purchasing an additional 7 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock valued at $37,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

FIX has been the subject of several research analyst reports. 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. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday, July 27th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 target price for the company. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Friday, July 17th. One investment 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 company. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and a consensus target price of $2,082.86.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,658.28 on Friday. Comfort Systems USA, Inc. has a 52-week low of $670.19 and a 52-week high of $2,073.99. The stock has a market cap of $58.35 billion, a PE ratio of 40.78 and a beta of 1.69. 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 firm's 50 day moving average price is $1,783.64 and its two-hundred day moving average price is $1,655.08.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion during 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%. The business's quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.53 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date is 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 dividend payout ratio is 8.85%.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 30,250 shares of the company's stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,096 shares of company stock valued at $31,186,647 over the last three months. Company insiders own 1.24% of the company's stock.

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.

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