Empowered Funds LLC Raises Position in Comfort Systems USA, Inc. $FIX

Key Points

• Empowered Funds LLC significantly increased its stake in Comfort Systems USA by 1,155.2% in Q1, now holding approximately 34,004 shares valued at $10.96 million.
• Recent analyst ratings have been favorable, with several firms raising their price targets and issuing a consensus rating of "Buy", reflecting positive investor sentiment.
• Comfort Systems USA recently reported $6.53 earnings per share for the last quarter, significantly exceeding estimates and showing a 20.1% increase in revenue year-over-year.

Empowered Funds LLC lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1,155.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,004 shares of the construction company's stock after acquiring an additional 31,295 shares during the period. Empowered Funds LLC owned 0.10% of Comfort Systems USA worth $10,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FIX. Jones Financial Companies Lllp increased its position in shares of Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after acquiring an additional 832,999 shares during the period. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after purchasing an additional 273,453 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after purchasing an additional 253,677 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Comfort Systems USA by 299.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock valued at $103,085,000 after purchasing an additional 239,692 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Comfort Systems USA in the first quarter valued at $74,634,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. UBS Group upped their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. DA Davidson upped their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, William Blair assumed coverage on shares of Comfort Systems USA in a report on Thursday. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Comfort Systems USA has an average rating of "Buy" and an average price target of $635.60.

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 value of $750,158.64. Following the transaction, the director directly owned 6,500 shares of the company's stock, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their position. The sale was disclosed in a filing with the SEC, 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 dated 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 in the company, 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 a total of 26,783 shares of company stock worth $18,710,798 in the last three months. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $10.70 during mid-day trading on Friday, hitting $754.21. 301,656 shares of the stock were exchanged, compared to its average volume of 373,101. The firm has a fifty day moving average of $659.03 and a 200 day moving average of $498.97. 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, Inc. has a 52-week low of $276.44 and a 52-week high of $772.22. The company has a market cap of $26.61 billion, a PE ratio of 38.76 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.84 by $1.69. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.74 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business 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. 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 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is 10.28%.

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.