Comfort Systems USA, Inc. $FIX Stake Boosted by Strid Group LLC

Key Points

• Strid Group LLC increased its stake in Comfort Systems USA, Inc. by 109.3% in Q2, owning 1,771 shares valued at approximately $950,000.
• Comfort Systems USA's recent quarterly earnings showed an EPS of $6.53, surpassing estimates and reflecting a 20.1% revenue increase year-over-year.
• The company raised its quarterly dividend to $0.50 per share, representing an annualized dividend of $2.00 with a dividend yield of 0.2%.

Strid Group LLC increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 109.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,771 shares of the construction company's stock after buying an additional 925 shares during the quarter. Strid Group LLC's holdings in Comfort Systems USA were worth $950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. Wealth Enhancement Advisory Services LLC boosted its stake in Comfort Systems USA by 42.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,731 shares of the construction company's stock valued at $1,582,000 after purchasing an additional 1,107 shares in the last quarter. Parallel Advisors LLC boosted its stake in Comfort Systems USA by 14.2% during the 1st quarter. Parallel Advisors LLC now owns 450 shares of the construction company's stock valued at $145,000 after purchasing an additional 56 shares in the last quarter. Merit Financial Group LLC boosted its stake in Comfort Systems USA by 144.9% during the 1st quarter. Merit Financial Group LLC now owns 2,642 shares of the construction company's stock valued at $852,000 after purchasing an additional 1,563 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Comfort Systems USA by 66.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 2,148 shares of the construction company's stock valued at $692,000 after purchasing an additional 861 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Comfort Systems USA by 55.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 196 shares of the construction company's stock valued at $63,000 after purchasing an additional 70 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

FIX opened at $816.51 on Friday. 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 12-month low of $276.44 and a 12-month high of $852.31. The stock has a fifty day moving average of $733.91 and a 200-day moving average of $548.06. The firm has a market capitalization of $28.81 billion, a P/E ratio of 41.96 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company earned $3.74 earnings per share. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a dividend of $0.50 per share. 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 dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is 10.28%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIX. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. UBS Group raised their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. DA Davidson raised their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Stifel Nicolaus raised their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a research note on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $668.60.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director directly owned 6,500 shares of the company's stock, valued at $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 8,436 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock valued at $18,710,798 in the last quarter. Corporate insiders own 1.59% of the company's stock.

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.

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