Global Retirement Partners LLC Invests $1.36 Million in Comfort Systems USA, Inc. $FIX

Key Points

• Global Retirement Partners initiated a $1.36 million position in Comfort Systems USA, while institutional investors collectively own 96.51% of the company’s shares.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion.
• The company raised its quarterly dividend to $0.90 per share, while analysts maintain a consensus “Buy” rating and a $2,057.86 price target.

Global Retirement Partners LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 684 shares of the construction company's stock, valued at approximately $1,356,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock worth $4,022,597,000 after acquiring an additional 625,567 shares during the last quarter. Norges Bank bought a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $469,606,000. State Street Corp raised its holdings in Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company's stock worth $1,333,367,000 after acquiring an additional 375,118 shares during the period. Geode Capital Management LLC lifted its position in shares of Comfort Systems USA by 39.0% during the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company's stock worth $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company's stock worth $289,349,000 after buying an additional 309,217 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Up 6.0%

Comfort Systems USA stock opened at $1,879.96 on Tuesday. The company's 50 day simple moving average is $1,793.64 and its 200 day simple moving average is $1,643.63. The firm has a market capitalization of $66.16 billion, a price-to-earnings ratio of 46.24 and a beta of 1.69. Comfort Systems USA, Inc. has a fifty-two week low of $655.96 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA's payout ratio is currently 8.85%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price objective for the company. UBS Group lifted their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a "buy" rating in a report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research note on Monday, July 27th. Glj Research started coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price target for the company. Finally, Erste Group Bank downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $2,057.86.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 6,700 shares of the firm's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares of the company's stock, valued at $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,542 shares of company stock valued at $26,437,101. 1.24% of the stock is owned by insiders.

Comfort Systems USA Company 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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