Ground Swell Capital LLC Makes New $362,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Ground Swell Capital LLC acquired 1,122 shares of Comfort Systems USA, Inc. for approximately $362,000 in the first quarter, reflecting ongoing interest from institutional investors.
• Comfort Systems USA has announced an increase in its quarterly dividend to $0.50, up from $0.45, highlighting a positive outlook for shareholders.
• In recent earnings, Comfort Systems USA reported a $6.53 earnings per share (EPS), significantly exceeding analysts' expectations of $4.84, with revenue also surpassing projections at $2.17 billion.

Ground Swell Capital LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,122 shares of the construction company's stock, valued at approximately $362,000.

A number of other large investors also recently bought and sold shares of FIX. GAMMA Investing LLC raised its holdings in Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after purchasing an additional 253,677 shares during the period. Nuveen LLC acquired a new position in shares of Comfort Systems USA during the first quarter valued at approximately $74,634,000. Voya Investment Management LLC raised its holdings in shares of Comfort Systems USA by 824.2% during the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after acquiring an additional 208,283 shares during the last quarter. Bain Capital Public Equity Management II LLC raised its holdings in shares of Comfort Systems USA by 307.2% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock valued at $87,239,000 after acquiring an additional 155,204 shares during the last quarter. Finally, Artemis Investment Management LLP raised its holdings in shares of Comfort Systems USA by 147.4% during the first quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock valued at $80,015,000 after acquiring an additional 147,885 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 21,639 shares in the company, valued at $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the stock in a transaction 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 owned 188,046 shares in the company, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,205 shares of company stock valued at $20,932,366. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Down 1.4%

FIX stock traded down $9.47 during midday trading on Friday, hitting $680.39. 408,860 shares of the company's stock were exchanged, compared to its average volume of 461,570. The business has a 50-day simple moving average of $578.99 and a two-hundred day simple moving average of $458.11. 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 capitalization of $24.00 billion, a PE ratio of 34.96 and a beta of 1.49. 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 earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 earnings per share. On average, sell-side 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 declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research analyst reports. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, UBS Group upped their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate 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.