CW Advisors LLC Raises Position in Comfort Systems USA, Inc. $FIX

Key Points

• CW Advisors LLC has increased its stake in Comfort Systems USA, Inc. by 7.4% in Q1, owning 22,367 shares valued at approximately $7.21 million.
• The company recently announced a dividend increase to $0.50 per share, up from $0.45, to be paid on August 25th.
• Comfort Systems USA reported strong Q2 earnings, with a 20.1% year-over-year revenue increase, posting an EPS of $6.53 against an estimated $4.84.

CW Advisors LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 7.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,367 shares of the construction company's stock after purchasing an additional 1,532 shares during the period. CW Advisors LLC owned 0.06% of Comfort Systems USA worth $7,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. NewEdge Advisors LLC increased its stake in shares of Comfort Systems USA by 9.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,419 shares of the construction company's stock worth $1,025,000 after purchasing an additional 203 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Comfort Systems USA by 26.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,011 shares of the construction company's stock valued at $853,000 after acquiring an additional 423 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Comfort Systems USA by 31.1% in the 4th quarter. Hsbc Holdings PLC now owns 12,335 shares of the construction company's stock worth $5,255,000 after buying an additional 2,929 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Comfort Systems USA in the 4th quarter worth $643,000. Finally, Pinebridge Investments L.P. grew its stake in shares of Comfort Systems USA by 110.1% in the 4th quarter. Pinebridge Investments L.P. now owns 15,789 shares of the construction company's stock worth $6,695,000 after buying an additional 8,274 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO William George III sold 8,436 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. The trade was a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,205 shares of company stock worth $20,932,366 over the last 90 days. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Trading Down 0.7%

NYSE FIX opened at $689.2620 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The firm has a market cap of $24.32 billion, a PE ratio of 35.42 and a beta of 1.49. The company has a 50 day moving average price of $598.23 and a 200 day moving average price of $466.79. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA's revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.74 EPS. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS 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. Investors of record on Thursday, August 14th will be paid a dividend of $0.50 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

Analysts Set New Price Targets

A number of brokerages have commented on FIX. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note 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 increased their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Buy" and an average target price of $635.60.

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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