7,356 Shares in Comfort Systems USA, Inc. $FIX Purchased by Neumeier Poma Investment Counsel LLC

Key Points

• Neumeier Poma Investment Counsel initiated a 7,356-share position in Comfort Systems USA, while institutional investors and hedge funds collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates by $2.08 and revenue rising 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 also raised its quarterly dividend to $0.90 per share.

Neumeier Poma Investment Counsel LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,356 shares of the construction company's stock, valued at approximately $14,579,224,000.

Several other hedge funds also recently modified their holdings of FIX. Avalon Trust Co acquired a new position in Comfort Systems USA in the 2nd quarter valued at $32,000. Carolina Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 63.6% during 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 period. Kilter Group LLC acquired a new stake in shares of Comfort Systems USA in the second quarter worth approximately $48,000. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth approximately $28,000. Finally, CENTRAL TRUST Co acquired a new position in Comfort Systems USA during the first quarter worth approximately $46,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FIX. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a research note on Thursday. 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Erste Group Bank lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $2,082.86.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,658.28 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company's fifty day moving average price is $1,783.64 and its two-hundred day moving average price is $1,658.46. The firm has a market capitalization of $58.35 billion, a P/E ratio of 40.78 and a beta of 1.69. Comfort Systems USA, Inc. has a 12 month low of $670.19 and a 12 month high of $2,073.99.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.90 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is currently 8.85%.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers sold 4,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 17,096 shares of company stock valued at $31,186,647. 1.24% of the stock is currently owned by corporate 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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