Comfort Systems USA, Inc. $FIX Shares Bought by Benchmark Investment Advisors LLC

Key Points

• Benchmark Investment Advisors LLC increased its holdings in Comfort Systems USA by 405.4% in the first quarter, now owning 5,398 shares valued at approximately $1.74 million.
• Several analysts have upgraded Comfort Systems USA's stock ratings, with Zacks Research rating it a "strong-buy" and price targets raised to as high as $810.00.
• The company announced a quarterly dividend increase from $0.45 to $0.50, reflecting a commitment to returning value to shareholders.

Benchmark Investment Advisors LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 405.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,398 shares of the construction company's stock after purchasing an additional 4,330 shares during the quarter. Comfort Systems USA makes up 1.1% of Benchmark Investment Advisors LLC's portfolio, making the stock its 25th biggest position. Benchmark Investment Advisors LLC's holdings in Comfort Systems USA were worth $1,740,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA during the first quarter valued at $31,000. Versant Capital Management Inc increased its holdings in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $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 other news, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 completion of the transaction, the director directly owned 6,500 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 33,283 shares of company stock worth $21,682,525. 1.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FIX shares. Stifel Nicolaus raised their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group increased their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. DA Davidson increased their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $635.60.

Comfort Systems USA Price Performance

FIX traded up $2.15 on Wednesday, hitting $700.76. 320,605 shares of the company's stock traded hands, compared to its average volume of 465,448. The company's 50 day simple moving average is $627.01 and its 200-day simple moving average is $480.36. The firm has a market cap of $24.72 billion, a price-to-earnings ratio of 36.01 and a beta of 1.54. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $733.24. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

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, topping analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company's revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 EPS. As a group, research analysts anticipate 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. Investors of record on Thursday, August 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, August 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

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.