Balefire LLC Purchases Shares of 412 Comfort Systems USA, Inc. $FIX

Key Points

• Balefire LLC has made a new investment in Comfort Systems USA, acquiring 412 shares valued at approximately $221,000.
• Several institutional investors, including Royal Bank of Canada, have significantly increased their stakes in Comfort Systems, now holding over 96% of its stock.
• The company reported a strong earnings quarter with an EPS of $6.53, exceeding estimates, while also increasing its quarterly dividend from $0.45 to $0.50 per share.

Balefire LLC bought a new stake in 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 & Exchange Commission. The institutional investor bought 412 shares of the construction company's stock, valued at approximately $221,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock worth $1,225,673,000 after purchasing an additional 21,847 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Comfort Systems USA by 0.5% during the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock worth $286,757,000 after purchasing an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after purchasing an additional 832,999 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after purchasing an additional 273,453 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Comfort Systems USA by 36.4% during the first quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock worth $167,430,000 after purchasing an additional 138,541 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group raised their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research note on Monday. DA Davidson boosted their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $668.60.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded down $2.82 during mid-day trading on Friday, reaching $796.56. The company had a trading volume of 685,925 shares, compared to its average volume of 384,381. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $806.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The company has a market capitalization of $28.10 billion, a P/E ratio of 40.93 and a beta of 1.54. The stock's 50-day simple moving average is $683.84 and its 200-day simple moving average is $513.73.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the company posted $3.74 EPS. The company's revenue was up 20.1% on a year-over-year basis. On average, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio is 10.28%.

Insider Buying and Selling at Comfort Systems USA

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

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.