493 Shares in Comfort Systems USA, Inc. $FIX Bought by Abel Hall LLC

Key Points

• Abel Hall LLC purchased 493 shares of Comfort Systems USA, Inc. valued at approximately $265,000, marking a new position in the company.
• Analysts have responded positively, with UBS raising its price target from $710.00 to $875.00, indicating a strong buy rating for the stock.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50, reflecting the company's growth trajectory, with a current yield of 0.2%.

Abel Hall LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 493 shares of the construction company's stock, valued at approximately $265,000.

A number of other large investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its position in Comfort Systems USA by 12.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $107,000 after purchasing an additional 22 shares during the period. Tradewinds Capital Management LLC raised its position in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the period. Fifth Third Bancorp raised its position in Comfort Systems USA by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company's stock worth $932,000 after purchasing an additional 34 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position 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 during the period. Finally, Evergreen Capital Management LLC raised its position in Comfort Systems USA by 1.9% in the 1st quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock worth $699,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

FIX has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Zacks Research cut shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, William Blair initiated coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating on the stock. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $668.60.

Comfort Systems USA Trading Up 3.4%

Shares of FIX opened at $844.36 on Thursday. The firm's 50-day moving average price is $741.96 and its 200-day moving average price is $556.54. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 43.39 and a beta of 1.58. 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, Inc. has a 1-year low of $276.44 and a 1-year high of $852.31.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a 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 is currently 10.28%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the sale, the insider owned 188,046 shares in the company, 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. In the last quarter, insiders have sold 26,783 shares of company stock valued at $18,710,798. Insiders own 1.59% of the company's stock.

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.

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