4D Advisors LLC Has $3.22 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• 4D Advisors LLC increased its stake in Comfort Systems USA by 17.6% to a total of 10,000 shares, worth approximately $3.22 million, marking it as the fund's 18th largest investment.
• In the first quarter, several hedge funds, including JPMorgan Chase & Co. and Vanguard Group Inc., also expanded their holdings in Comfort Systems USA, with institutional investors now owning 96.51% of the company’s stock.
• Comfort Systems USA recently raised its quarterly dividend from $0.45 to $0.50, signaling a positive financial outlook, while also beating earnings expectations with $6.53 per share reported for the last quarter.

4D Advisors LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 17.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,000 shares of the construction company's stock after purchasing an additional 1,500 shares during the quarter. Comfort Systems USA comprises 2.5% of 4D Advisors LLC's portfolio, making the stock its 18th biggest holding. 4D Advisors LLC's holdings in Comfort Systems USA were worth $3,223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIX. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Comfort Systems USA by 13.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after buying an additional 296 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Comfort Systems USA by 27.7% in the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after buying an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after buying an additional 3,644 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Comfort Systems USA by 256.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after buying an additional 1,467 shares during the period. Finally, Spire Wealth Management lifted its stake in shares of Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after buying an additional 90 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $16.34 during mid-day trading on Friday, hitting $707.61. 523,754 shares of the stock were exchanged, compared to its average volume of 360,733. The company has a market cap of $24.97 billion, a P/E ratio of 36.36 and a beta of 1.54. The stock's fifty day simple moving average is $638.44 and its two-hundred day simple moving average is $486.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion during 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 was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted $3.74 earnings per share. As a group, 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 was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,400 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, the chief operating officer owned 21,639 shares of the company's stock, valued at $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction on 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 of the company's stock, valued at $11,288,203.50. This represents a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,283 shares of company stock valued at $17,627,965 over the last quarter. Company insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

FIX has been the subject of several research reports. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. DA Davidson raised their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. UBS Group raised their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $635.60.

Comfort Systems USA 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.