555 Shares in Comfort Systems USA, Inc. $FIX Purchased by OMNI 360 Wealth Inc.

Key Points

• OMNI 360 Wealth Inc. purchased 555 shares of Comfort Systems USA, Inc. for approximately $298,000 in the second quarter, indicating growing institutional interest in the company.
• Comfort Systems USA reported strong earnings, with $6.53 EPS for the quarter, surpassing estimates and showing a revenue increase of 20.1% year-over-year.
• The company recently raised its quarterly dividend from $0.45 to $0.50 per share, reflecting a commitment to returning value to shareholders.

OMNI 360 Wealth Inc. bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 555 shares of the construction company's stock, valued at approximately $298,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Comfort Systems USA by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock worth $1,225,673,000 after buying an additional 21,847 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in Comfort Systems USA by 0.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock worth $286,757,000 after acquiring an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after acquiring an additional 832,999 shares in the last quarter. AQR Capital Management LLC lifted its position in Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after acquiring an additional 273,453 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Comfort Systems USA by 36.4% during the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock valued at $167,430,000 after purchasing an additional 138,541 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Trading Down 1.4%

Shares of Comfort Systems USA stock opened at $754.21 on Monday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $772.22. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $659.03 and a 200-day moving average price of $500.83. The firm has a market cap of $26.61 billion, a price-to-earnings ratio of 38.76 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted 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 company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $3.74 earnings per share. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is currently 10.28%.

Insider Transactions at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,369 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the sale, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the sale, the chief operating officer directly owned 21,639 shares in the company, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock valued at $18,710,798 in the last 90 days. Company insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. William Blair assumed coverage on shares of Comfort Systems USA in a report on Thursday. They set an "outperform" rating on the stock. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. DA Davidson raised their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus boosted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $635.60.

Comfort Systems USA Company 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.

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