Cowa LLC Purchases 5,074 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Cowa LLC increased its holdings in Comfort Systems USA by 95.2%, acquiring an additional 5,074 shares to total 10,402 shares worth approximately $3.35 million.
• Insiders of Comfort Systems USA executed significant stock sales, with CAO Julie Shaeff selling 1,369 shares for about $964,460 and insider Brian E. Lane selling 10,000 shares for about $6.9 million.
• Comfort Systems USA's latest quarterly earnings results exceeded analysts' expectations, posting $6.53 earnings per share against a consensus estimate of $4.84, along with a year-over-year revenue increase of 20.1%.

Cowa LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 95.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,402 shares of the construction company's stock after buying an additional 5,074 shares during the quarter. Comfort Systems USA accounts for 1.4% of Cowa LLC's investment portfolio, making the stock its 20th largest holding. Cowa LLC's holdings in Comfort Systems USA were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FIX. Tradewinds Capital Management LLC grew 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 valued at $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC bought a new position in Comfort Systems USA in the 1st quarter valued at $31,000. Versant Capital Management Inc grew its stake in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the period. Finally, Colonial Trust Co SC grew its stake in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares during the period. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

NYSE FIX traded down $3.2240 during trading on Wednesday, reaching $680.7060. The company's stock had a trading volume of 345,264 shares, compared to its average volume of 470,503. The stock has a market capitalization of $24.02 billion, a PE ratio of 34.98 and a beta of 1.49. 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 firm has a fifty day moving average of $586.76 and a 200 day moving average of $461.62. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share 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 return on equity of 39.33% and a net margin of 9.01%.The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.74 EPS. 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 announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is currently 10.28%.

Analyst Ratings Changes

A number of research analysts have issued reports on FIX shares. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, UBS Group upped their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $635.60.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the transaction, the director owned 26,535 shares in the company, valued at $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,205 shares of company stock worth $20,932,366. 1.59% of the stock is owned by corporate insiders.

About Comfort Systems USA

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.