Blair William & Co. IL Makes New Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Blair William & Co. IL has made a new investment in Comfort Systems USA, acquiring 1,300 shares valued at approximately $697,000 during the second quarter.
• Insiders sold a total of 26,783 shares of Comfort Systems USA in the last quarter, amounting to around $18.7 million, indicating a notable decrease in their holdings.
• Comfort Systems USA recently raised its quarterly dividend from $0.45 to $0.50, with a current yield of 0.2% and a payout ratio of 10.28%.

Blair William & Co. IL acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,300 shares of the construction company's stock, valued at approximately $697,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $107,000 after purchasing an additional 22 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Fifth Third Bancorp boosted its position in Comfort Systems USA by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company's stock worth $932,000 after acquiring an additional 34 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Comfort Systems USA by 1.9% during the 1st quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock worth $699,000 after acquiring an additional 40 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the sale, the chief accounting officer owned 16,023 shares in the company, valued at approximately $11,288,203.50. This represents a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the sale, the director owned 11,666 shares in the company, valued at approximately $8,557,710.96. This trade represents a 6.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last quarter. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Up 0.0%

NYSE FIX opened at $837.51 on Friday. 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 $758.54 and a 200-day moving average of $576.71. 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 company has a market cap of $29.55 billion, a PE ratio of 43.04 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business had revenue of $713.90 million for the quarter. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were paid a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FIX shares. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus upped their price target on Comfort Systems USA from $746.00 to $917.00 and gave the stock a "buy" rating in a research report on Monday. UBS Group upped their price target on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Zacks Research downgraded Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $735.80.

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.

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