Chicago Partners Investment Group LLC Purchases Shares of 491 Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Chicago Partners Investment Group LLC has acquired 491 shares of Comfort Systems USA, Inc. (NYSE:FIX), valued at approximately $158,000, as part of its new position in the company.
• Analysts have increased their price targets for Comfort Systems USA, with UBS Group raising it from $545.00 to $710.00, indicating strong positive outlook for the stock.
• The company has announced a quarterly dividend increase to $0.50 per share, which will be paid on August 25, reflecting a boost from the previous dividend of $0.45.

Chicago Partners Investment Group LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 491 shares of the construction company's stock, valued at approximately $158,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after purchasing an additional 253,677 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Comfort Systems USA by 824.2% during the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after purchasing an additional 208,283 shares during the last quarter. Bain Capital Public Equity Management II LLC grew its holdings in shares of Comfort Systems USA by 307.2% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after purchasing an additional 155,204 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Comfort Systems USA by 147.4% in the first quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock valued at $80,015,000 after acquiring an additional 147,885 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Comfort Systems USA by 289.0% in the first quarter. Victory Capital Management Inc. now owns 172,571 shares of the construction company's stock valued at $55,625,000 after buying an additional 128,209 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FIX. UBS Group upped their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Stifel Nicolaus lifted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $635.60.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the sale, the insider directly owned 188,046 shares of the company's stock, valued at approximately $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,205 shares of company stock valued at $20,932,366 in the last 90 days. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Down 1.4%

NYSE FIX traded down $9.47 during trading hours on Friday, hitting $680.39. 408,860 shares of the company's stock were exchanged, compared to its average volume of 461,570. The stock has a 50-day simple moving average of $578.99 and a 200 day simple moving average of $458.11. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $733.24. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 34.96 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.84 by $1.69. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The company's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 earnings per share. On average, equities analysts forecast 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 will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) 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.