Crown Advisors Management Inc. Makes New Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Crown Advisors Management acquired 10,000 shares of Comfort Systems USA valued at approximately $19.82 million, making FIX its largest holding at 10.9% of the portfolio. Institutional investors collectively own 96.51% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $2,057.86. UBS and KeyCorp recently raised their targets, while Oppenheimer initiated coverage with an “outperform” rating.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates and revenue rising 50.3% year over year to $3.27 billion. The company also increased its quarterly dividend from $0.80 to $0.90 per share.

Crown Advisors Management Inc. acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the construction company's stock, valued at approximately $19,820,000. Comfort Systems USA accounts for approximately 10.9% of Crown Advisors Management Inc.'s holdings, making the stock its largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signature Equity Partners LLC boosted its stake in shares of Comfort Systems USA by 16.7% during the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock worth $48,000 after acquiring an additional 5 shares during the period. Coston McIsaac & Partners raised its stake in Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock valued at $329,000 after acquiring an additional 7 shares during the period. Petra Financial Advisors Inc. raised its stake in Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company's stock valued at $1,489,000 after acquiring an additional 7 shares during the period. Carolina Wealth Advisors LLC lifted its holdings in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after purchasing an additional 7 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company's stock valued at $789,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. This represents a 32.01% 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, Director Rhoman J. Hardy sold 342 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,542 shares of company stock valued at $26,437,101. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FIX shares. UBS Group lifted their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research report on Monday, July 27th. Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 target price for the company. KeyCorp lifted their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an "overweight" rating in a report on Monday, July 27th. Finally, Glj Research began coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $2,057.86.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,774.19 on Monday. The stock has a 50 day simple moving average of $1,793.06 and a 200 day simple moving average of $1,638.56. The stock has a market cap of $62.43 billion, a P/E ratio of 43.63 and a beta of 1.69. Comfort Systems USA, Inc. has a 1-year low of $655.96 and a 1-year high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company's revenue for the quarter was up 50.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.53 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is presently 8.85%.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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