Corient Private Wealth LP Has $18.10 Million Stock Position in Comfort Systems USA, Inc. $FIX

Corient Private Wealth LP boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 62.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,134 shares of the construction company's stock after purchasing an additional 3,522 shares during the quarter. Corient Private Wealth LP's holdings in Comfort Systems USA were worth $18,103,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tucker Asset Management LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $490,000. Amundi increased its stake in shares of Comfort Systems USA by 114.1% in the 2nd quarter. Amundi now owns 292,904 shares of the construction company's stock valued at $580,521,000 after acquiring an additional 156,069 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at $67,101,000. California State Teachers Retirement System lifted its position in shares of Comfort Systems USA by 189,725.5% during the 2nd quarter. California State Teachers Retirement System now owns 103,029,689 shares of the construction company's stock valued at $204,199,692,000 after acquiring an additional 102,975,413 shares during the period. Finally, Tanager Wealth Management LLP acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at $293,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,582.34 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $1,681.79 and a two-hundred day simple moving average of $1,690.65. Comfort Systems USA, Inc. has a 12 month low of $755.00 and a 12 month high of $2,073.99. The firm has a market capitalization of $55.68 billion, a PE ratio of 38.92 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business's revenue was up 50.3% on a year-over-year basis. During the same period last year, the company earned $6.53 earnings per share. Analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is presently 8.85%.

Insiders Place Their Bets

In related news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director owned 8,495 shares of the company's stock, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William George, III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares of the company's stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 32,778 shares of company stock valued at $56,306,777. Corporate insiders own 1.24% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FIX. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a report on Monday, July 27th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price objective on the stock. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 price objective on the stock. KeyCorp raised their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Finally, Weiss Ratings downgraded Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $2,082.86.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.

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