Cresset Asset Management LLC Purchases 425 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Cresset Asset Management LLC increased its holdings in Comfort Systems USA by 50.2% during Q1, owning 1,272 shares valued at $410,000.
• Insider sales included 1,369 shares sold by CAO Julie Shaeff and 4,400 shares by COO T Mckenna Trent, collectively worth over $4 million.
• Comfort Systems USA reported a quarterly earnings per share of $6.53, exceeding estimates by $1.69, with revenue rising 20.1% year-over-year.

Cresset Asset Management LLC increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,272 shares of the construction company's stock after acquiring an additional 425 shares during the period. Cresset Asset Management LLC's holdings in Comfort Systems USA were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FIX. Tradewinds Capital Management LLC lifted its holdings in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new position in Comfort Systems USA during the 1st quarter valued at about $31,000. Versant Capital Management Inc lifted its holdings in Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. Finally, Colonial Trust Co SC lifted its stake in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after acquiring an additional 67 shares during the period. 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, CFO William George III sold 8,436 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the business'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 completion of the transaction, the director directly owned 6,500 shares in the company, valued at $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,283 shares of company stock worth $21,682,525. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FIX shares. Stifel Nicolaus increased their price target on shares of 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 downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. UBS Group increased their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, DA Davidson increased their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $635.60.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $35.40 during mid-day trading on Friday, hitting $694.61. 220,249 shares of the company's stock traded hands, compared to its average volume of 465,941. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of 35.69 and a beta of 1.49. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $733.24. 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 firm has a 50 day simple moving average of $615.19 and a two-hundred day simple moving average of $473.69.

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. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the firm posted $3.74 EPS. Comfort Systems USA's quarterly revenue was up 20.1% on a year-over-year basis. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio is presently 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.