709 Shares in Comfort Systems USA, Inc. $FIX Acquired by Keating Financial Advisory Services Inc.

Key Points

• Keating Financial Advisory Services acquired 709 shares of Comfort Systems USA in the second quarter, valued at approximately $1.405 million. Institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported quarterly earnings of $12.53 per share, exceeding estimates by $2.08, while revenue rose 50.3% year over year to $3.27 billion. Analysts maintain a consensus “Buy” rating with an average price target of $2,082.86.
• The company increased its quarterly dividend from $0.80 to $0.90 per share, representing an annualized dividend of $3.60 and a 0.2% yield. Insiders have sold 17,096 shares worth $31.2 million over the past 90 days.

Keating Financial Advisory Services Inc. acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 709 shares of the construction company's stock, valued at approximately $1,405,000.

Several other institutional investors have also recently made changes to their positions in FIX. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter valued at $28,000. Avalon Trust Co bought a new position in Comfort Systems USA in the 2nd quarter worth about $32,000. Kemnay Advisory Services Inc. purchased a new position in Comfort Systems USA during the 4th quarter valued at about $33,000. Carolina Wealth Advisors LLC grew its holdings in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after buying an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock valued at $37,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FIX shares. Erste Group Bank downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 target price on the stock. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. DA Davidson assumed coverage on shares of Comfort Systems USA in a research note on Friday. They issued a "buy" rating and a $2,100.00 target price on the stock. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $2,082.86.

Comfort Systems USA Stock Down 0.9%

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

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

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares of the company's stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the company's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares of the company's stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,096 shares of company stock valued at $31,186,647 over the last 90 days. 1.24% of the stock is owned by insiders.

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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