Headlands Technologies LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 802.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,545 shares of the construction company's stock after buying an additional 3,152 shares during the period. Headlands Technologies LLC's holdings in Comfort Systems USA were worth $1,143,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after purchasing an additional 296 shares during the period. Farther Finance Advisors LLC increased its position in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after purchasing an additional 239 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after purchasing an additional 3,644 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in Comfort Systems USA by 9.8% in the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.
Insider Buying and Selling
In related news, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares of the company's stock, valued at $15,507,156.57. This represents a 16.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director directly owned 26,535 shares of the company's stock, valued at $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,900 shares of company stock valued at $20,001,507 over the last three months. 1.59% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus increased 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. DA Davidson raised their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, UBS Group raised their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $635.60.
View Our Latest Stock Report on Comfort Systems USA
Comfort Systems USA Trading Down 0.3%
FIX stock traded down $1.84 during trading on Friday, reaching $692.59. 376,055 shares of the stock traded hands, compared to its average volume of 429,030. The business's 50 day moving average price is $558.98 and its 200-day moving average price is $450.14. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $718.40. 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 capitalization of $24.43 billion, a PE ratio of 35.59 and a beta of 1.49.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the firm posted $3.74 earnings per share. The company's revenue was up 20.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. Comfort Systems USA's dividend payout ratio is currently 9.25%.
Comfort Systems USA Profile
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Free Report)
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.
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