4,291 Shares in Comfort Systems USA, Inc. $FIX Purchased by Globeflex Capital L P

Key Points

• Globeflex Capital purchased 4,291 shares of Comfort Systems USA valued at approximately $8.5 million, while institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported stronger-than-expected quarterly results, with EPS of $12.53 versus the $10.45 consensus estimate and revenue up 50.3% year over year to $3.27 billion.
• The company raised its quarterly dividend from $0.80 to $0.90 per share, while analysts maintain an overall “Buy” rating with a consensus price target of $2,082.86.

Globeflex Capital L P purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,291 shares of the construction company's stock, valued at approximately $8,505,000. Comfort Systems USA accounts for approximately 1.1% of Globeflex Capital L P's portfolio, making the stock its 19th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company's stock worth $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth boosted its position in Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock valued at $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC grew its position in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company's stock worth $579,000 after acquiring an additional 313 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Comfort Systems USA during the second quarter worth $567,000. Finally, Sei Investments Co. grew its holdings in Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company's stock worth $23,395,000 after acquiring an additional 17,839 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the firm's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares of the company's stock, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,096 shares of company stock valued at $31,186,647 in the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Up 0.2%

Shares of Comfort Systems USA stock opened at $1,658.28 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a 1 year low of $670.19 and a 1 year high of $2,073.99. The business has a 50-day moving average of $1,783.64 and a two-hundred day moving average of $1,658.46. The company has a market capitalization of $58.35 billion, a P/E ratio of 40.78 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations 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 prior year, the company earned $6.53 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio (DPR) is presently 8.85%.

Analysts Set New Price Targets

Several research analysts recently weighed in on FIX shares. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. Oppenheimer initiated coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an "outperform" rating and a $2,200.00 target price for the company. 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 price target on Comfort Systems USA in a research note on Monday, July 27th. Finally, Erste Group Bank cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued 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 $2,082.86.

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.

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