951 Shares in Comfort Systems USA, Inc. $FIX Purchased by Katamaran Capital LLP

Key Points

• Katamaran Capital LLP acquired 951 shares of Comfort Systems USA, Inc. for approximately $510,000, making it the 25th largest holding in their portfolio.
• Comfort Systems USA reported earnings of $6.53 per share, exceeding analysts' estimates, with a quarterly revenue of $2.17 billion, a 20.1% increase from the previous year.
• The company declared an increased quarterly dividend of $0.50 per share, raising the annualized dividend to $2.00 with a yield of 0.2%.

Katamaran Capital LLP purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 951 shares of the construction company's stock, valued at approximately $510,000. Comfort Systems USA makes up about 0.5% of Katamaran Capital LLP's investment portfolio, making the stock its 25th largest holding.

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA in the second quarter worth about $27,000. Tradewinds Capital Management LLC lifted its holdings in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new position in Comfort Systems USA in the first quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after acquiring an additional 83 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $835.28 on Friday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $852.31. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 42.92 and a beta of 1.58. The stock's 50 day moving average price is $744.60 and its 200 day moving average price is $559.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

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, topping the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.74 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analyst Ratings Changes

FIX has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. William Blair assumed coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $668.60.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the transaction, the director owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock valued at $18,710,798 in the last 90 days. 1.59% of the stock is owned by corporate insiders.

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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