4,521 Shares in Comfort Systems USA, Inc. $FIX Bought by Concentric Capital Strategies LP

Key Points

• Concentric Capital Strategies LP has made a $1.46 million investment in Comfort Systems USA, acquiring 4,521 shares during the first quarter.
• The company's stock recently saw a 0.3% increase and has a market cap of $24.72 billion, with a twelve-month high of $733.24.
• Comfort Systems USA has declared a quarterly dividend increase from $0.45 to $0.50, providing shareholders with an annual yield of 0.3%.

Concentric Capital Strategies LP purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,521 shares of the construction company's stock, valued at approximately $1,457,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at approximately $31,000. Versant Capital Management Inc raised its holdings in Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after buying an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Comfort Systems USA by 54.4% during the 1st 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 period. Finally, Colonial Trust Co SC increased its stake in Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $635.60.

Comfort Systems USA Stock Performance

Shares of FIX stock traded up $7.54 during midday trading on Monday, hitting $713.85. The company had a trading volume of 334,839 shares, compared to its average volume of 464,297. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The company's 50 day simple moving average is $638.44 and its 200 day simple moving average is $487.70. The stock has a market cap of $25.18 billion, a price-to-earnings ratio of 36.68 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 issued 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. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA's revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.74 earnings per share. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. 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 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the sale, the insider directly owned 188,046 shares in the company, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares of the company's stock, valued at $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,283 shares of company stock valued at $17,627,965. 1.59% of the stock is 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.