Lifestyle Asset Management Inc. Acquires 2,940 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Lifestyle Asset Management Inc. has increased its stake in Comfort Systems USA by 314.1%, now owning 3,876 shares worth over $2 million, which makes up about 1% of its portfolio.
• Institutional investors collectively own 96.51% of Comfort Systems USA's stock, indicating significant institutional confidence in the company.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50, reflecting a commitment to returning value to shareholders.

Lifestyle Asset Management Inc. boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 314.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,876 shares of the construction company's stock after acquiring an additional 2,940 shares during the quarter. Comfort Systems USA accounts for about 1.0% of Lifestyle Asset Management Inc.'s investment portfolio, making the stock its 20th largest holding. Lifestyle Asset Management Inc.'s holdings in Comfort Systems USA were worth $2,078,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FIX. Jones Financial Companies Lllp lifted its holdings in shares of 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 valued at $268,510,000 after buying an additional 832,999 shares during the last quarter. 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. GAMMA Investing LLC increased its position in Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after buying an additional 253,677 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. Finally, Nuveen LLC bought a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $74,634,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction dated 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 transaction, the insider owned 188,046 shares of the company's stock, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer directly owned 16,023 shares in the company, valued at $11,288,203.50. The trade was a 7.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,783 shares of company stock valued at $18,710,798. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Down 0.4%

Shares of FIX traded down $2.82 during trading hours on Friday, hitting $796.56. 685,825 shares of the stock traded hands, compared to its average volume of 464,311. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $806.58. The firm has a market capitalization of $28.10 billion, a PE ratio of 40.93 and a beta of 1.54. The business has a fifty day moving average of $678.71 and a 200-day moving average of $510.58.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. 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. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's payout ratio is currently 10.28%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. UBS Group boosted their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. 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 research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $668.60.

About Comfort Systems USA

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.