GSA Capital Partners LLP Invests $2.86 Million in Comfort Systems USA, Inc. $FIX

Key Points

• GSA Capital Partners acquired 1,444 shares of Comfort Systems USA valued at approximately $2.86 million, while institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with earnings per share of $12.53 exceeding estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion.
• Analysts maintain a consensus “Buy” rating with a $2,057.86 price target, and the company raised its quarterly dividend to $0.90 per share from $0.80.

GSA Capital Partners LLP acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,444 shares of the construction company's stock, valued at approximately $2,862,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Signature Equity Partners LLC boosted its position in shares of Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock worth $48,000 after buying an additional 5 shares during the period. Coston McIsaac & Partners boosted its position in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock worth $329,000 after acquiring an additional 7 shares during the last quarter. Petra Financial Advisors Inc. boosted its position in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company's stock worth $1,489,000 after acquiring an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock worth $36,000 after acquiring an additional 7 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company's stock worth $789,000 after acquiring an additional 8 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Transactions at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares of the company's stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,542 shares of company stock valued at $26,437,101. Insiders own 1.24% of the company's stock.

Analyst Ratings Changes

FIX has been the topic of a number of research reports. KeyCorp boosted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an "overweight" rating in a research report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research report on Monday, July 27th. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. Finally, Glj Research assumed coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a "buy" rating and a $2,001.00 price objective for the company. 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 data from MarketBeat.com, Comfort Systems USA has an average rating of "Buy" and a consensus target price of $2,057.86.

Comfort Systems USA Trading Up 2.7%

Shares of Comfort Systems USA stock opened at $1,774.19 on Friday. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The stock has a market cap of $62.43 billion, a P/E ratio of 43.63 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The business's 50 day moving average is $1,793.06 and its 200-day moving average is $1,634.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm's revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.53 EPS. Equities research analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a $0.90 dividend. This is a boost 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 dividend yield of 0.2%. Comfort Systems USA's payout ratio is 8.85%.

Comfort Systems USA 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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