Benchmark Investment Advisors LLC Invests $5.87 Million in Comfort Systems USA, Inc. $FIX

Key Points

• Benchmark Investment Advisors purchased 2,962 Comfort Systems USA shares worth approximately $5.87 million, making the stock 2.6% of its portfolio. Institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 and revenue of $3.27 billion, up 50.3% year over year and above analyst expectations.
• The company raised its quarterly dividend from $0.80 to $0.90 per share, while analysts maintained an overall “Buy” consensus with an average price target of $2,082.86; insiders have sold about $31.2 million of stock over the past 90 days.

Benchmark Investment Advisors LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,962 shares of the construction company's stock, valued at approximately $5,871,000. Comfort Systems USA makes up 2.6% of Benchmark Investment Advisors LLC's investment portfolio, making the stock its 11th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Prudential PLC bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $6,922,000. Ethic Inc. lifted its position in Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company's stock valued at $1,565,000 after acquiring an additional 748 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company's stock valued at $53,383,000 after acquiring an additional 39,888 shares in the last quarter. Vanguard Group Inc. boosted its stake in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in Comfort Systems USA by 713.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company's stock valued at $12,392,000 after purchasing an additional 11,645 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The shares were 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 owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the business'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 sale, the director directly owned 62,115 shares of the company's stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 17,096 shares of company stock worth $31,186,647. Company insiders own 1.24% of the company's stock.

Comfort Systems USA Stock Down 0.9%

Comfort Systems USA stock opened at $1,658.28 on Friday. The stock has a market cap of $58.35 billion, a PE ratio of 40.78 and a beta of 1.69. 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 one year low of $670.19 and a one year high of $2,073.99. The stock has a fifty day moving average of $1,783.64 and a 200 day moving average of $1,655.08.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business's revenue for the quarter was up 50.3% on a year-over-year basis. During the same period last year, the firm posted $6.53 earnings per share. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date is Thursday, August 13th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is 8.85%.

Analyst Ratings Changes

A number of research firms have commented on FIX. Erste Group Bank lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. UBS Group set a $2,100.00 price target on Comfort Systems USA in a report on Thursday. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. Wall Street Zen downgraded Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. Finally, Oppenheimer assumed coverage on Comfort Systems USA in a research report on Thursday, May 28th. They issued an "outperform" rating and a $2,200.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $2,082.86.

Comfort Systems USA Profile

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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source