Capital Insight Partners LLC Invests $2.15 Million in Comfort Systems USA, Inc. $FIX

Key Points

• Capital Insight Partners LLC has invested $2.15 million in Comfort Systems USA, acquiring a new stake of 4,012 shares during the second quarter.
• Comfort Systems USA reported strong quarterly earnings with an EPS of $6.53, exceeding expectations and showcasing a year-over-year revenue increase of 20.1%.
• The company has recently declared a dividend of $0.50 per share, marking an increase from the previous quarter, and showcasing a 10.28% dividend payout ratio.

Capital Insight Partners LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,012 shares of the construction company's stock, valued at approximately $2,151,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Walker Asset Management LLC purchased a new position in Comfort Systems USA during the second quarter worth approximately $220,000. LVW Advisors LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at approximately $342,000. Signaturefd LLC grew its stake in Comfort Systems USA by 22.9% in the 2nd quarter. Signaturefd LLC now owns 499 shares of the construction company's stock valued at $268,000 after acquiring an additional 93 shares during the period. Congress Asset Management Co. increased its holdings in Comfort Systems USA by 3.6% in the 2nd quarter. Congress Asset Management Co. now owns 111,445 shares of the construction company's stock worth $59,758,000 after acquiring an additional 3,880 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in Comfort Systems USA in the 2nd quarter worth $572,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 3.1%

Shares of Comfort Systems USA stock opened at $806.24 on Monday. The stock has a market cap of $28.44 billion, a P/E ratio of 41.43 and a beta of 1.54. The stock's 50 day simple moving average is $709.14 and its 200-day simple moving average is $532.81. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $825.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.74 earnings per share. Analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS 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. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. 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. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. William Blair started coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $668.60.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the sale, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J. Sandbrook sold 800 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the transaction, the director owned 11,666 shares in the company, valued at $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock valued at $18,710,798 in the last three months. 1.59% of the stock is currently owned by corporate insiders.

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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