GSA Capital Partners LLP Has $1.73 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• GSA Capital Partners LLP significantly increased its holdings in Comfort Systems USA, acquiring an additional 3,890 shares, bringing its total to 5,358 shares valued at approximately $1.73 million.
• Comfort Systems USA reported a substantial 20.1% increase in revenue year-over-year during the last quarter, achieving an EPS of **$6.53**, surpassing analyst expectations of **$4.84**.
• The company has announced a quarterly dividend increase to $0.50 per share, scheduled to be paid on August 25th, up from the previous $0.45.

GSA Capital Partners LLP lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 265.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,358 shares of the construction company's stock after buying an additional 3,890 shares during the quarter. GSA Capital Partners LLP's holdings in Comfort Systems USA were worth $1,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC raised its stake in shares of Comfort Systems USA by 39.8% during the fourth quarter. LPL Financial LLC now owns 22,598 shares of the construction company's stock worth $9,583,000 after purchasing an additional 6,438 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after purchasing an additional 250,085 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Comfort Systems USA by 8.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company's stock worth $2,082,000 after purchasing an additional 370 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Comfort Systems USA by 27.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 170,227 shares of the construction company's stock worth $72,186,000 after purchasing an additional 36,482 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $37,797,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $7.06 during trading on Friday, reaching $696.24. The stock had a trading volume of 552,387 shares, compared to its average volume of 479,551. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $718.40. 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 stock has a market cap of $24.56 billion, a PE ratio of 35.78 and a beta of 1.51. The firm's 50 day moving average price is $532.98 and its two-hundred day moving average price is $442.84.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.97 billion. During the same period in the prior year, the business earned $3.74 EPS. The firm's revenue was up 20.1% on a year-over-year basis. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.25%.

Analyst Ratings Changes

Several research firms have issued reports on FIX. UBS Group increased their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday. DA Davidson lifted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Stifel Nicolaus lifted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $635.60.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the transaction, the director directly owned 7,236 shares of the company's stock, valued at $3,155,619.60. This represents a 19.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,700 shares of company stock worth $21,638,967. 1.59% of the stock is currently owned by company insiders.

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.