Bellecapital International Ltd. Makes New $208,000 Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Bellecapital International Ltd. has made a new investment of approximately $208,000 in Comfort Systems USA, acquiring 387 shares during the second quarter.
• Comfort Systems USA recently raised its quarterly dividend from $0.45 to $0.50 per share, with a current dividend yield of 0.2%.
• The company’s stock price opened at $835.47, with a 12-month high of $861.77 and a low of $276.44, indicating significant growth over the year.

Bellecapital International Ltd. purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 387 shares of the construction company's stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in Comfort Systems USA by 13.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after acquiring an additional 296 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after buying an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after acquiring an additional 1,467 shares during the period. Spire Wealth Management grew its holdings in Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after acquiring an additional 90 shares during the period. Finally, Lifestyle Asset Management Inc. grew its holdings in Comfort Systems USA by 314.1% during the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company's stock worth $2,078,000 after acquiring an additional 2,940 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $835.47 on Thursday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $861.77. The stock has a 50 day moving average of $755.69 and a two-hundred day moving average of $573.16. 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 market cap of $29.48 billion, a P/E ratio of 42.93 and a beta of 1.58.

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. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $713.90 million during the quarter. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

Analysts Set New Price Targets

Several research firms recently commented on FIX. William Blair began coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an "outperform" rating on the stock. Zacks Research lowered Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average price target of $735.80.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of the business's stock in a transaction that occurred 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 directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. The trade was a 6.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer owned 16,023 shares of the company's stock, valued at $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock worth $18,710,798 in the last quarter. Corporate insiders own 1.59% of the company's stock.

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.

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