Comfort Systems USA, Inc. $FIX Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Comfort Systems USA, Inc. by 106.4%, owning over 530,000 shares worth approximately $165 million following the purchase of additional shares.
• Comfort Systems USA reported a quarterly EPS of $6.53, exceeding the consensus estimate by $1.69, while its revenue reached $2.17 billion, surpassing expectations.
• The company raised its quarterly dividend to $0.50 per share, reflecting an annualized dividend of $2.00 and a yield of 0.3%.

AQR Capital Management LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 106.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,428 shares of the construction company's stock after buying an additional 273,453 shares during the quarter. AQR Capital Management LLC owned 1.50% of Comfort Systems USA worth $165,228,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Comfort Systems USA by 57.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,603 shares of the construction company's stock worth $1,161,000 after buying an additional 1,314 shares in the last quarter. Amundi increased its holdings in Comfort Systems USA by 2,401.1% in the first quarter. Amundi now owns 24,811 shares of the construction company's stock valued at $7,725,000 after buying an additional 23,819 shares during the last quarter. 4D Advisors LLC increased its holdings in Comfort Systems USA by 17.6% in the first quarter. 4D Advisors LLC now owns 10,000 shares of the construction company's stock valued at $3,223,000 after buying an additional 1,500 shares during the last quarter. Perbak Capital Partners LLP bought a new stake in Comfort Systems USA in the first quarter valued at about $238,000. Finally, PDT Partners LLC increased its holdings in Comfort Systems USA by 68.1% in the first quarter. PDT Partners LLC now owns 9,134 shares of the construction company's stock valued at $2,944,000 after buying an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $700.76 on Thursday. The company has a 50-day moving average price of $630.87 and a two-hundred day moving average price of $481.88. 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 stock has a market cap of $24.72 billion, a price-to-earnings ratio of 36.01 and a beta of 1.54. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business's revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm posted $3.74 earnings per share. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's payout ratio is 10.28%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson increased their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, UBS Group increased their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $635.60.

Insiders Place Their Bets

In other news, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction that occurred on 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. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director owned 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,283 shares of company stock valued at $21,682,525. 1.59% of the stock is currently owned by insiders.

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.

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