Focus Partners Advisor Solutions LLC Grows Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Focus Partners Advisor Solutions LLC significantly increased its stake in Comfort Systems USA by 228.5%, acquiring 1,154 additional shares, bringing their total holdings to a value of $535,000.
• Multiple institutional investors have recently modified their positions in Comfort Systems USA, with Tradewinds Capital Management increasing its holdings by 49.1% and Colonial Trust Co SC increasing by 352.6%.
• Comfort Systems USA reported a strong quarterly earnings performance, with earnings of $6.53 per share and revenues of $2.17 billion, exceeding analyst expectations.

Focus Partners Advisor Solutions LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 228.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,659 shares of the construction company's stock after buying an additional 1,154 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Comfort Systems USA were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FIX. Tradewinds Capital Management LLC boosted its holdings in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA during the first quarter worth about $31,000. Versant Capital Management Inc raised its position in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,078 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the sale, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,283 shares of company stock valued at $17,627,965 in the last quarter. Insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Stock Performance

NYSE:FIX opened at $707.61 on Friday. The firm has a 50 day simple moving average of $638.44 and a 200-day simple moving average of $486.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market cap of $24.97 billion, a PE ratio of 36.36 and a beta of 1.54. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year 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 earnings per share for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The business 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%. The company'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 earnings per share. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.