Algert Global LLC Purchases 1,789 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Algert Global LLC increased its stake in Comfort Systems USA by 4.8% to a total of 39,389 shares worth approximately $12.7 million.
• Comfort Systems USA reported a net margin of 9.01% with earnings per share of $6.53, exceeding analysts’ expectations of $4.84.
• The company announced a quarterly dividend increase to $0.50, reflecting an annualized basis of $2.00, with a payout ratio of 10.28%.

Algert Global LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,389 shares of the construction company's stock after purchasing an additional 1,789 shares during the quarter. Algert Global LLC owned 0.11% of Comfort Systems USA worth $12,696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC raised its stake in Comfort Systems USA by 49.1% during 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 in the last quarter. Stone House Investment Management LLC acquired a new position in Comfort Systems USA during the first quarter worth about $31,000. Versant Capital Management Inc raised its stake 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Comfort Systems USA by 54.4% during 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. Finally, Colonial Trust Co SC raised 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 worth $36,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director directly owned 26,535 shares in the company, valued at $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider owned 188,046 shares in the company, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,205 shares of company stock valued at $20,932,366 over the last three months. Insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Up 2.0%

Shares of Comfort Systems USA stock traded up $14.08 on Friday, hitting $708.08. The stock had a trading volume of 161,351 shares, compared to its average volume of 468,098. The stock has a 50 day moving average of $594.30 and a 200 day moving average of $464.97. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $733.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a market capitalization of $24.98 billion, a P/E ratio of 36.39 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm posted $3.74 earnings per share. The firm's revenue was up 20.1% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 14th. This is a boost 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%.

Wall Street Analyst Weigh In

FIX has been the subject of several research analyst reports. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. UBS Group boosted their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $635.60.

Comfort Systems USA 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.