B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,561 shares of the construction company's stock, valued at approximately $13,004,000.
Several other hedge funds have also made changes to their positions in FIX. Signature Equity Partners LLC raised its position in Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock valued at $48,000 after buying an additional 5 shares during the period. Coston McIsaac & Partners boosted its position in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock worth $329,000 after acquiring an additional 7 shares during the period. Petra Financial Advisors Inc. grew its stake in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company's stock valued at $1,489,000 after acquiring an additional 7 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after acquiring an additional 7 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Comfort Systems USA by 1.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company's stock valued at $789,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.
Insider Activity
In related news, Director Franklin Myers sold 6,700 shares of the company's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director directly owned 62,115 shares of the company's stock, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William George III sold 2,554 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company's stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,096 shares of company stock valued at $31,186,647 over the last 90 days. 1.24% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
FIX has been the subject of a number of research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a research note on Thursday. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research report on Monday, July 27th. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $2,040.00.
Check Out Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Price Performance
Shares of FIX opened at $1,674.43 on Friday. The firm has a market cap of $58.92 billion, a PE ratio of 41.18 and a beta of 1.69. The firm's 50 day moving average price is $1,788.02 and its 200 day moving average price is $1,655.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99.
Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business posted $6.53 EPS. Comfort Systems USA's quarterly revenue was up 50.3% on a year-over-year basis. As a group, research analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA's dividend payout ratio is 8.85%.
Comfort Systems USA Company Profile
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Free Report)
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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