Redhawk Wealth Advisors Inc. Has $2.69 Million Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Redhawk Wealth Advisors Inc. increased its stake in Comfort Systems USA, owning 5,017 shares valued at approximately $2.69 million, marking a 19.2% rise during the 2nd quarter.
• Insider selling occurred as COO T. Mckenna Trent sold 4,400 shares for over $3.15 million, representing a 16.90% decrease in his holdings.
• The company reported earnings of $6.53 per share for the last quarter, exceeding estimates and demonstrating a year-over-year revenue growth of 20.1%.

Redhawk Wealth Advisors Inc. grew its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,017 shares of the construction company's stock after buying an additional 809 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Comfort Systems USA were worth $2,690,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC boosted its position in shares of Comfort Systems USA by 4.4% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 979 shares of the construction company's stock worth $530,000 after purchasing an additional 41 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Comfort Systems USA by 73.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,816 shares of the construction company's stock valued at $6,933,000 after buying an additional 5,441 shares during the period. Wedmont Private Capital purchased a new position in Comfort Systems USA in the 2nd quarter valued at approximately $256,000. Sivia Capital Partners LLC raised its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company's stock valued at $579,000 after purchasing an additional 313 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its holdings in shares of Comfort Systems USA by 17.0% in the 2nd quarter. Pallas Capital Advisors LLC now owns 21,420 shares of the construction company's stock valued at $11,486,000 after purchasing an additional 3,114 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the transaction, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. The trade was a 6.42% decrease in their position. 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 over the last ninety days. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Down 0.4%

Shares of Comfort Systems USA stock traded down $2.82 on Friday, reaching $796.56. 685,925 shares of the company were exchanged, compared to its average volume of 384,381. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $806.58. The company has a 50-day moving average of $683.84 and a 200 day moving average of $514.88. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $28.10 billion, a price-to-earnings ratio of 40.93 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA's quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.74 EPS. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced 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. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's payout ratio is 10.28%.

Analyst Ratings Changes

FIX has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target 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.