637 Shares in Comfort Systems USA, Inc. $FIX Bought by LVW Advisors LLC

Key Points

• LVW Advisors LLC acquired 637 shares of Comfort Systems USA, valued at approximately $342,000, as part of their investment strategy in the second quarter.
• Comfort Systems USA reported a significant earnings increase with EPS of $6.53, exceeding analysts' estimates by $1.69 and showing a 20.1% revenue growth year-over-year.
• The company recently increased its quarterly dividend to $0.50, up from $0.45, resulting in an annualized dividend of $2.00 with a payout ratio of 10.28%.

LVW Advisors LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 637 shares of the construction company's stock, valued at approximately $342,000.

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

Comfort Systems USA Stock Up 3.1%

Comfort Systems USA stock opened at $806.24 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $825.00. The stock has a 50 day moving average of $709.14 and a two-hundred day moving average of $531.38. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $28.44 billion, a price-to-earnings ratio of 41.43 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $3.74 EPS. As a group, research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Insider Buying and Selling

In related news, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider directly owned 188,046 shares of the company's stock, valued at $130,078,940.04. This represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock valued at $18,710,798 in the last ninety days. Insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIX shares. DA Davidson increased their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. William Blair started coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating for the company. Finally, Stifel Nicolaus lifted 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 investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $668.60.

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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.