Callan Family Office LLC Has $1.21 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Callan Family Office LLC increased its stake in Comfort Systems USA, Inc. by 205.1%, holding shares valued at approximately $1.21 million after acquiring additional shares in Q2.
• Comfort Systems USA announced a quarterly dividend increase to $0.50, up from the previous $0.45, reflecting a 10.28% payout ratio.
• Multiple hedge funds have also increased their holdings in Comfort Systems USA, with over 96% of the stock now owned by institutional investors and hedge funds.

Callan Family Office LLC lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 205.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,264 shares of the construction company's stock after acquiring an additional 1,522 shares during the period. Callan Family Office LLC's holdings in Comfort Systems USA were worth $1,214,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FIX. Tradewinds Capital Management LLC raised its holdings 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 buying an additional 27 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA during the 2nd quarter worth approximately $27,000. Stone House Investment Management LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. raised its holdings 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 buying an additional 37 shares during the period. Finally, Brooklyn Investment Group raised its holdings in Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after buying an additional 83 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO William George III sold 8,436 shares of the firm's stock in a transaction 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 transaction, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares of the company's stock, valued at $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock valued at $18,710,798 in the last ninety days. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

Shares of FIX opened at $817.14 on Monday. The stock has a market capitalization of $28.83 billion, a P/E ratio of 41.99 and a beta of 1.58. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $858.55. The company has a 50 day moving average of $747.01 and a 200-day moving average of $565.87. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

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

Comfort Systems USA Increases Dividend

The company also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Analyst Ratings Changes

Several analysts have commented on FIX shares. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Zacks Research cut shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average target price of $668.60.

Comfort Systems USA Company 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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.