Applied Finance Capital Management LLC Invests $464,000 in Comfort Systems USA, Inc. $FIX

Key Points

• Applied Finance Capital Management LLC invested approximately $464,000 in Comfort Systems USA, acquiring 866 shares during the second quarter.
• Insider activity includes Director William J. Sandbrook selling 800 shares for about $586,848, indicating a 6.42% decrease in ownership.
• Comfort Systems USA has seen a mix of analyst ratings, with six analysts giving it a Buy rating while its average target price is $735.80.

Applied Finance Capital Management LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 866 shares of the construction company's stock, valued at approximately $464,000.

Several other institutional investors also recently modified their holdings of the company. Tradewinds Capital Management LLC boosted its stake in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA in the 2nd quarter valued at $27,000. Stone House Investment Management LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after buying an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FIX. William Blair began coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating on the stock. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Stifel Nicolaus boosted their price target on Comfort Systems USA from $746.00 to $917.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of "Moderate Buy" and a consensus target price of $735.80.

Insider Activity at Comfort Systems USA

In other news, Director William J. Sandbrook sold 800 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the sale, the director owned 11,666 shares in the company, valued at $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director owned 6,500 shares of the company's stock, valued at approximately $4,523,220. The trade was a 14.23% 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 over the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $827.02 on Friday. 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 cap of $29.18 billion, a P/E ratio of 42.50 and a beta of 1.58. The business's fifty day moving average is $761.23 and its two-hundred day moving average is $580.14. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $861.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio is presently 10.28%.

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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