Counterpoint Mutual Funds LLC Buys Shares of 788 Comfort Systems USA, Inc. $FIX

Key Points

• Counterpoint Mutual Funds LLC purchased 788 shares of Comfort Systems USA, valued at approximately $423,000, during the second quarter, indicating strong institutional interest in the company.
• Comfort Systems USA reported earnings of $6.53 per share for the last quarter, exceeding estimates by $1.69, and revenue increased by 20.1% compared to the same quarter last year.
• The company recently raised its quarterly dividend from $0.45 to $0.50 per share, reflecting a dividend yield of 0.2% and a payout ratio of 10.28%.

Counterpoint Mutual Funds LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 788 shares of the construction company's stock, valued at approximately $423,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in Comfort Systems USA by 12.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $107,000 after buying an additional 22 shares during the period. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake 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 worth $34,000 after acquiring an additional 37 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Comfort Systems USA by 1.9% during the first quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock valued at $699,000 after purchasing an additional 40 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in Comfort Systems USA by 4.4% in the second quarter. NorthCrest Asset Manangement LLC now owns 979 shares of the construction company's stock valued at $530,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

FIX opened at $804.36 on Wednesday. The company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 41.33 and a beta of 1.54. The business's 50-day moving average price is $694.64 and its two-hundred day moving average price is $521.64. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $825.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data 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 company 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 for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.74 earnings per share. Equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's payout ratio is presently 10.28%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. DA Davidson increased their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Stifel Nicolaus lifted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $668.60.

Insider Buying and Selling at Comfort Systems USA

In other news, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares in the company, 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, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock valued at $18,710,798 in the last three months. 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.

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