Crown Advisors Management Inc. Increases Position in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Crown Advisors Management Inc. increased its stake in Comfort Systems USA by 40%, acquiring an additional 4,000 shares, now totaling 14,000 shares valued at approximately $4.5 million.
• Comfort Systems USA recently declared a quarterly dividend of $0.50 per share, an increase from the previous $0.45, reflecting a positive return for shareholders.
• Analysts have raised their price targets for Comfort Systems USA, with a consensus target now at $635.60, indicating a generally optimistic outlook for the stock.

Crown Advisors Management Inc. raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 40.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,000 shares of the construction company's stock after purchasing an additional 4,000 shares during the period. Comfort Systems USA accounts for 4.0% of Crown Advisors Management Inc.'s portfolio, making the stock its 6th largest position. Crown Advisors Management Inc.'s holdings in Comfort Systems USA were worth $4,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after buying an additional 296 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after buying an additional 239 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after buying an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after buying an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after buying an additional 90 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

FIX stock traded down $9.47 on Friday, hitting $680.39. The company had a trading volume of 408,860 shares, compared to its average volume of 461,570. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $733.24. 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 stock's 50-day simple moving average is $578.99 and its 200 day simple moving average is $457.89. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 34.96 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly 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. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm earned $3.74 earnings per share. The company's quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is 10.28%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average target price of $635.60.

Insider Activity

In other news, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the sale, the insider owned 188,046 shares in the company, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,205 shares of company stock worth $20,932,366. 1.59% of the stock is currently owned by 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.