Scientech Research LLC Makes New $801,000 Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Scientech Research LLC has acquired 2,484 shares of Comfort Systems USA, Inc. ($FIX), valued at approximately $801,000, during the first quarter, indicating growing institutional interest in the company.
• Comfort Systems USA reported a successful quarterly earnings result, with $6.53 earnings per share, exceeding expectations and reflecting a 20.1% year-over-year revenue increase.
• The company has increased its quarterly dividend to $0.50 per share, up from $0.45, representing a 0.3% dividend yield and a low payout ratio of 10.28%.

Scientech Research LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 2,484 shares of the construction company's stock, valued at approximately $801,000.

Other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its position in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA during the first quarter valued at about $31,000. Versant Capital Management Inc boosted its holdings in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after buying an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of 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 buying an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in shares of Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after buying an additional 83 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on FIX. William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday. They set an "outperform" rating for the company. UBS Group increased their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus raised their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $635.60.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares of the company's stock, valued at approximately $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer directly owned 16,023 shares in the company, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock worth $18,710,798 in the last three months. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

FIX traded up $14.23 on Thursday, reaching $766.33. 559,783 shares of the stock were exchanged, compared to its average volume of 464,663. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The company's 50-day moving average price is $650.24 and its 200 day moving average price is $493.50. The firm has a market capitalization of $27.04 billion, a PE ratio of 39.38 and a beta of 1.54. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $772.22.

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

Comfort Systems USA Increases Dividend

The firm 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 a boost from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's payout ratio is presently 10.28%.

About Comfort Systems USA

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.