Cannon Global Investment Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the construction company's stock, valued at approximately $536,000. Comfort Systems USA accounts for approximately 1.1% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 24th biggest position.
A number of other institutional investors have also recently bought and sold shares of FIX. Jones Financial Companies Lllp boosted its position in Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after acquiring an additional 832,999 shares during the period. AQR Capital Management LLC increased its position in Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after buying an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after buying an additional 239,692 shares during the period. Nuveen LLC bought a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $74,634,000. Finally, Millennium Management LLC increased its position in shares of Comfort Systems USA by 91.0% during the first quarter. Millennium Management LLC now owns 317,852 shares of the construction company's stock valued at $102,453,000 after purchasing an additional 151,447 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FIX. UBS Group upped their price target on Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson increased their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $735.80.
Check Out Our Latest Research Report on Comfort Systems USA
Insider Buying and Selling at Comfort Systems USA
In other news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were 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. This represents a 16.90% 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. Company insiders own 1.59% of the company's stock.
Comfort Systems USA Price Performance
Shares of NYSE FIX opened at $827.02 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $861.77. The business has a fifty day moving average price of $761.23 and a two-hundred day moving average price of $580.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The stock has a market capitalization of $29.18 billion, a PE ratio of 42.50 and a beta of 1.58.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Monday, August 25th. Investors 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 of this dividend 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%.
Comfort Systems USA Company Profile
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Free Report)
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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