6,180 Shares in Comfort Systems USA, Inc. $FIX Purchased by Daiichi Life Insurance Co. Ltd.

Key Points

• Daiichi Life Insurance acquired 6,180 shares of Comfort Systems USA valued at approximately $12.25 million, while institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported quarterly EPS of $12.53, surpassing estimates by $2.08, with revenue rising 50.3% year over year to $3.27 billion.
• The company increased its quarterly dividend from $0.80 to $0.90 per share. Analysts maintain a consensus “Buy” rating with an average price target of $2,082.86, although insiders have sold shares worth about $31.2 million over the past 90 days.

Daiichi Life Insurance Co. Ltd. acquired a new stake in 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. The fund acquired 6,180 shares of the construction company's stock, valued at approximately $12,248,000.

A number of other large investors also recently bought and sold shares of FIX. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $28,000. Avalon Trust Co purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $33,000. Carolina Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock worth $36,000 after acquiring an additional 7 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock worth $37,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Down 0.9%

NYSE FIX opened at $1,658.28 on Friday. The firm has a 50 day simple moving average of $1,783.64 and a 200-day simple moving average of $1,655.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The firm has a market cap of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter in the previous year, the business posted $6.53 earnings per share. The business's quarterly revenue was up 50.3% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio is 8.85%.

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a report on Thursday. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price target on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Friday, July 17th. KeyCorp lifted their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Finally, Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of "Buy" and a consensus target price of $2,082.86.

Insiders Place Their Bets

In other news, CFO William George III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares of the company's stock, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,096 shares of company stock worth $31,186,647 over the last 90 days. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA 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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