Dynamic Technology Lab Private Ltd Takes Position in Comfort Systems USA, Inc. $FIX

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Comfort Systems USA, purchasing 5,990 shares valued at approximately $1.93 million in the first quarter.
• Comfort Systems USA's CFO, William George III, and another insider, Brian E. Lane, have both recently sold significant shares of the company, indicating a decrease in insider ownership.
• The company reported a strong quarterly performance with $6.53 earnings per share, exceeding analyst estimates, and announced an increase in its dividend from $0.45 to $0.50 per share.

Dynamic Technology Lab Private Ltd bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,990 shares of the construction company's stock, valued at approximately $1,931,000.

Several other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after buying an additional 37 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 1.9% during the 1st quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock valued at $699,000 after buying an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Comfort Systems USA by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after buying an additional 42 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of Comfort Systems USA by 36.8% during the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after buying an additional 43 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 8,436 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider directly owned 188,046 shares of the company's stock, 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. Over the last three months, insiders have sold 25,283 shares of company stock worth $17,627,965. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Down 2.3%

FIX opened at $707.61 on Friday. The business has a 50 day moving average price of $638.44 and a 200 day moving average price of $486.97. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $733.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a market cap of $24.96 billion, a P/E ratio of 36.36 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its 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 return on equity of 39.33% and a net margin of 9.01%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the company earned $3.74 EPS. The company's revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's payout ratio is 10.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FIX shares. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. DA Davidson lifted their price target on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. UBS Group lifted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Stifel Nicolaus lifted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $635.60.

Comfort Systems USA Company 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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