Comfort Systems USA, Inc. $FIX Stock Holdings Increased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC increased its holdings in Comfort Systems USA, Inc. by 96.6% in the 2nd quarter, now owning 1,557 shares valued at approximately $835,000.
• The company recently raised its quarterly dividend from $0.45 to $0.50 per share, with an annualized dividend yield of 0.2%.
• Comfort Systems USA received a consensus rating of "Moderate Buy" from analysts, with an average target price of $735.80 per share.

Apollon Wealth Management LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 96.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,557 shares of the construction company's stock after buying an additional 765 shares during the quarter. Apollon Wealth Management LLC's holdings in Comfort Systems USA were worth $835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its holdings in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA in the second quarter valued at about $27,000. Stone House Investment Management LLC bought a new stake in Comfort Systems USA in the first quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after buying an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after buying an additional 83 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. DA Davidson upped their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, William Blair started coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an "outperform" rating for the company. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average target price of $735.80.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $835.47 on Thursday. 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 50 day simple moving average of $755.69 and a 200-day simple moving average of $573.16. The company has a market cap of $29.48 billion, a PE ratio of 42.93 and a beta of 1.58. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $861.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. This is a boost 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 payout ratio is presently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 8,436 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by insiders.

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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