Aigen Investment Management LP Buys New Stake in Comfort Systems USA, Inc. $FIX

Key Points

• Aigen Investment Management LP acquired a new stake in Comfort Systems USA (NYSE:FIX), purchasing 1,030 shares valued at approximately $332,000 in the first quarter.
• Several institutional investors, including Wealth Enhancement Advisory Services and Dynamic Advisor Solutions, significantly increased their stakes in the company during the same period, contributing to a total institutional ownership of 96.51%.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50, highlighting continued growth, with analysts projecting earnings of $16.85 per share for the current year.

Aigen Investment Management LP acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,030 shares of the construction company's stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its position in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the period. Colonial Trust Co SC boosted its stake in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares in the last quarter. Versant Capital Management Inc grew its holdings in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares during the period. Johnson Financial Group Inc. grew its holdings in Comfort Systems USA by 131.1% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after acquiring an additional 59 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position 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 in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer directly 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, the chief operating officer directly owned 21,639 shares of the company's stock, valued at $15,507,156.57. This represents a 16.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,205 shares of company stock valued at $20,932,366. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Up 1.5%

NYSE:FIX traded up $10.00 on Monday, hitting $690.86. 106,870 shares of the company's stock traded hands, compared to its average volume of 470,913. The company has a market cap of $24.37 billion, a PE ratio of 35.50 and a beta of 1.49. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $733.24. 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 firm has a 50-day moving average price of $578.99 and a 200-day moving average price of $458.28.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The business's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS 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 25th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Analysts Set New Price Targets

FIX has been the subject of several research reports. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. DA Davidson increased their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. UBS Group raised their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $635.60.

About Comfort Systems USA

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.