Cooper Financial Group Purchases New Position in Comfort Systems USA, Inc. $FIX

Key Points

• Cooper Financial Group acquired a new stake in Comfort Systems USA, purchasing 374 shares valued at approximately $201,000 during the 2nd quarter.
• The company's quarterly earnings exceeded estimates, reporting $6.53 per share, significantly higher than the anticipated $4.84, along with a year-over-year revenue increase of 20.1%.
• Comfort Systems USA announced a dividend increase, raising its quarterly dividend from $0.45 to $0.50 per share, reflecting a current yield of 0.2%.

Cooper Financial Group purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 374 shares of the construction company's stock, valued at approximately $201,000.

Several other large investors also recently made changes to their positions in the business. Truist Financial Corp grew its holdings in shares of Comfort Systems USA by 4.2% during the second quarter. Truist Financial Corp now owns 39,862 shares of the construction company's stock worth $21,374,000 after purchasing an additional 1,610 shares during the last quarter. Greenleaf Trust bought a new stake in shares of Comfort Systems USA during the second quarter worth $226,000. Janney Montgomery Scott LLC grew its holdings in shares of Comfort Systems USA by 40.4% during the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the construction company's stock worth $3,449,000 after purchasing an additional 1,850 shares during the last quarter. Venture Visionary Partners LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth $3,081,000. Finally, Capital Insight Partners LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth $2,151,000. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FIX. Zacks Research cut Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Stifel Nicolaus lifted their target price 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. William Blair began coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating for the company. UBS Group lifted their target price on Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Finally, DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Moderate Buy" and a consensus target price of $668.60.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer directly owned 16,023 shares in the company, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction dated 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 in the company, 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 quarter, insiders sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

FIX stock opened at $833.65 on Friday. The business's 50-day moving average price is $731.36 and its two-hundred day moving average price is $543.46. 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 firm has a market cap of $29.41 billion, a PE ratio of 42.84 and a beta of 1.58. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $852.31.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued 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 yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is presently 10.28%.

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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