Fox Run Management L.L.C. Buys 4,044 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Fox Run Management L.L.C. increased its stake in Comfort Systems USA, Inc. by 268.3% during the first quarter, acquiring an additional 4,044 shares for a total worth of approximately $1.79 million.
• Comfort Systems USA declared an increase in its quarterly dividend to $0.50 per share, reflecting a new annualized dividend of $2.00 and a yield of 0.3%.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with a revised price target range increasing notably to as high as $810.00.

Fox Run Management L.L.C. boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 268.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,551 shares of the construction company's stock after acquiring an additional 4,044 shares during the quarter. Fox Run Management L.L.C.'s holdings in Comfort Systems USA were worth $1,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after buying an additional 296 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Comfort Systems USA by 27.7% in the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after buying an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after buying an additional 3,644 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Comfort Systems USA by 256.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after buying an additional 1,467 shares during the period. Finally, Spire Wealth Management lifted its holdings in Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after buying an additional 90 shares during the period. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group upped their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a 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. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. DA Davidson increased their target price 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. Finally, Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $635.60.

Comfort Systems USA Trading Down 1.8%

Shares of FIX stock traded down $12.6520 on Tuesday, hitting $683.1080. 144,797 shares of the company's stock traded hands, compared to its average volume of 469,863. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of 35.05 and a beta of 1.49. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $733.24. 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 company's fifty day simple moving average is $582.82 and its 200 day simple moving average is $460.06.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.74 EPS. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company 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 $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's payout ratio is 10.28%.

Insiders Place Their Bets

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction 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 sale, the chief accounting officer owned 16,023 shares of the company's stock, valued at $11,288,203.50. This trade represents a 7.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 8,436 shares of the firm's 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 completion of the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,205 shares of company stock worth $20,932,366. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA 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.