Cwm LLC Grows Position in Comfort Systems USA, Inc. $FIX

Key Points

• Cwm LLC increased its stake in Comfort Systems USA by 104.6%, owning a total of 16,926 shares valued at approximately $9.08 million as of its latest SEC filing.
• The company recently raised its quarterly dividend from $0.45 to $0.50 per share, reflecting a strong commitment to returning value to shareholders.
• Analyst ratings show a current consensus of Moderate Buy with a notable increase in price targets from various firms, highlighting confidence in the company's future performance.

Cwm LLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 104.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,926 shares of the construction company's stock after purchasing an additional 8,655 shares during the quarter. Cwm LLC's holdings in Comfort Systems USA were worth $9,076,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FIX. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 49.1% in the first 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. Ameritas Advisory Services LLC purchased a new stake in Comfort Systems USA in the second quarter valued at approximately $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the first quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Comfort Systems USA by 54.4% in the first 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, Brooklyn Investment Group grew its holdings in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after purchasing an additional 83 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FIX shares. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the stock a "buy" rating in a research note on Monday. DA Davidson boosted 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 note on Monday, July 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, William Blair began coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an "outperform" rating for the company. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $735.80.

Comfort Systems USA Trading Down 1.7%

NYSE FIX opened at $831.86 on Wednesday. The company's fifty day simple moving average is $752.76 and its 200-day simple moving average is $571.34. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $861.77. 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 has a market cap of $29.35 billion, a P/E ratio of 42.75 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $713.90 million for the quarter. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This is an increase 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%. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the company'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 completion of the sale, the insider directly owned 188,046 shares in the company, valued at $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is owned by company 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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