1,435 Shares in Comfort Systems USA, Inc. $FIX Acquired by TFR Capital LLC.

Key Points

• TFR Capital LLC bought 1,435 shares of Comfort Systems USA, worth approximately $769,000, marking its new position in the company during the 2nd quarter.
• Comfort Systems USA recently reported quarterly earnings of $6.53 EPS, exceeding expectations, with revenue of $2.17 billion for the quarter, a 20.1% year-over-year increase.
• The company announced a quarterly dividend increase to $0.50 per share, up from the previous $0.45, reflecting a commitment to returning value to shareholders.

TFR Capital LLC. purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,435 shares of the construction company's stock, valued at approximately $769,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIX. Tradewinds Capital Management LLC increased its position in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the second quarter worth about $27,000. Stone House Investment Management LLC purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $844.36 on Thursday. The stock has a market capitalization of $29.79 billion, a P/E ratio of 43.39 and a beta of 1.58. The business has a 50 day simple moving average of $741.96 and a two-hundred day simple moving average of $556.54. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $852.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Insider Transactions at Comfort Systems USA

In related news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the transaction, the director owned 11,666 shares in the company, valued at approximately $8,557,710.96. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 8,436 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on FIX shares. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an "outperform" rating on the stock. DA Davidson lifted their price objective 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 cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. UBS Group lifted their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a report on Monday, September 15th. Finally, Stifel Nicolaus lifted their price objective 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. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $668.60.

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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.