Ieq Capital LLC Has $7.30 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Ieq Capital LLC increased its stake in Comfort Systems USA by 57.7% during the first quarter, now holding 22,645 shares valued at $7.3 million.
• Comfort Systems USA reported $6.53 EPS for the last quarter, surpassing analysts' expectations, with a 20.1% increase in revenue year-over-year.
• The company recently announced a dividend increase from $0.45 to $0.50 per share, with a current payout ratio of 10.28%.

Ieq Capital LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 57.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,645 shares of the construction company's stock after purchasing an additional 8,283 shares during the quarter. Ieq Capital LLC owned approximately 0.06% of Comfort Systems USA worth $7,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. Integrated Wealth Concepts LLC lifted its holdings in Comfort Systems USA by 9.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,158 shares of the construction company's stock worth $915,000 after purchasing an additional 181 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Comfort Systems USA in the 4th quarter worth approximately $242,000. Boothbay Fund Management LLC acquired a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $318,000. Northern Trust Corp lifted its holdings in shares of Comfort Systems USA by 20.1% during the fourth quarter. Northern Trust Corp now owns 314,821 shares of the construction company's stock worth $133,503,000 after buying an additional 52,726 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Comfort Systems USA by 419.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 25,390 shares of the construction company's stock worth $10,767,000 after buying an additional 20,498 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

NYSE:FIX traded down $26.13 during trading hours on Friday, reaching $703.88. The company had a trading volume of 375,113 shares, compared to its average volume of 375,629. The stock has a 50-day moving average of $619.30 and a two-hundred day moving average of $476.65. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $733.24. The firm has a market capitalization of $24.83 billion, a PE ratio of 36.17 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the business posted $3.74 earnings per share. The business's revenue was up 20.1% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the company's 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 $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,283 shares of company stock valued at $21,682,525. 1.59% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIX. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a 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 stock a "buy" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and an average price target of $635.60.

About Comfort Systems USA

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.