Comfort Systems USA, Inc. $FIX Shares Acquired by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Comfort Systems USA by 299.2% during the 1st quarter, acquiring an additional 239,692 shares to own 0.91% of the company valued at $103.1 million.
• The company reported a 20.1% year-over-year increase in revenue, totaling $2.17 billion for the quarter with an EPS of $6.53, exceeding estimates.
• Comfort Systems USA declared a quarterly dividend of $0.50 per share, marking an increase from its previous dividend of $0.45, which reflects a dividend yield of 0.3%.

Jacobs Levy Equity Management Inc. lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 299.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,813 shares of the construction company's stock after acquiring an additional 239,692 shares during the period. Jacobs Levy Equity Management Inc. owned 0.91% of Comfort Systems USA worth $103,085,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after buying an additional 37 shares during the period. Evergreen Capital Management LLC increased its holdings in Comfort Systems USA by 1.9% during the first quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock valued at $699,000 after buying an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Comfort Systems USA by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after buying an additional 42 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in Comfort Systems USA by 36.8% in the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the sale, the director directly owned 6,500 shares in the company, valued at $4,523,220. This represents a 14.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $3,153,172.00. Following the sale, the chief operating officer owned 21,639 shares in the company, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,283 shares of company stock worth $17,627,965 over the last 90 days. Company insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. DA Davidson upped their price target on shares of 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, Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $635.60.

Comfort Systems USA Trading Down 2.3%

NYSE:FIX traded down $16.34 on Friday, reaching $707.61. The company's stock had a trading volume of 523,754 shares, compared to its average volume of 368,113. The stock has a 50 day moving average price of $638.44 and a 200 day moving average price of $487.70. 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, Inc. has a 12-month low of $276.44 and a 12-month high of $733.24. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of 36.36 and a beta of 1.54.

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 the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $3.74 EPS. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend 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 10.28%.

Comfort Systems USA 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.