Comfort Systems USA, Inc. (NYSE:FIX) Position Increased by Cynosure Group LLC

Key Points

• Cynosure Group LLC increased its position in Comfort Systems USA shares by 45.9% during the first quarter, owning 1,998 shares valued at $644,000.
• A significant number of hedge funds have raised their positions in Comfort Systems USA, with GAMMA Investing LLC notably increasing its stake by 39,575.2%.
• Comfort Systems USA reported a quarterly earnings per share of $6.53, exceeding estimates and reflecting a significant year-over-year revenue increase of 20.1%.

Cynosure Group LLC raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 45.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,998 shares of the construction company's stock after buying an additional 629 shares during the quarter. Cynosure Group LLC's holdings in Comfort Systems USA were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FIX. GAMMA Investing LLC lifted its position in shares of Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after purchasing an additional 253,677 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after purchasing an additional 208,283 shares in the last quarter. Bain Capital Public Equity Management II LLC lifted its position in shares of Comfort Systems USA by 307.2% in the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after purchasing an additional 155,204 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Comfort Systems USA by 147.4% in the first quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock worth $80,015,000 after purchasing an additional 147,885 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Comfort Systems USA by 289.0% in the first quarter. Victory Capital Management Inc. now owns 172,571 shares of the construction company's stock worth $55,625,000 after purchasing an additional 128,209 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FIX. UBS Group increased their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. DA Davidson raised their price objective 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. Stifel Nicolaus raised their price objective 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. Finally, Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $635.60.

Comfort Systems USA Price Performance

Shares of FIX opened at $692.59 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $718.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The firm's 50 day moving average price is $558.98 and its 200 day moving average price is $450.14. The firm has a market cap of $24.43 billion, a PE ratio of 35.59 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating 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 the consensus estimate of $1.97 billion. During the same quarter last year, the company posted $3.74 earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, 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 will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's dividend payout ratio is 9.25%.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 10,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the sale, the insider owned 188,046 shares in the company, valued at approximately $130,078,940.04. This trade represents a 5.05% 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, CFO William George III sold 12,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,900 shares of company stock worth $20,001,507. 1.59% of the stock is currently owned by company 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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