Comfort Systems USA, Inc. $FIX Stock Holdings Increased by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Comfort Systems USA by 2,872,410.3% during the first quarter, acquiring an additional 832,999 shares, bringing its total ownership to 833,028 shares.
• Comfort Systems USA reported strong earnings of $6.53 EPS for the quarter, surpassing estimates by $1.69, with revenue rising 20.1% year-over-year to $2.17 billion.
• The company recently raised its quarterly dividend from $0.45 to $0.50 per share, representing a dividend yield of 0.3% with a payout ratio of 10.28%.

Jones Financial Companies Lllp increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2,872,410.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 833,028 shares of the construction company's stock after purchasing an additional 832,999 shares during the period. Jones Financial Companies Lllp owned approximately 2.36% of Comfort Systems USA worth $268,510,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FIX. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after acquiring an additional 273,453 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Comfort Systems USA by 39,575.2% during the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after purchasing an additional 253,677 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock valued at $103,085,000 after purchasing an additional 239,692 shares during the period. Nuveen LLC purchased a new position in shares of Comfort Systems USA during the first quarter worth approximately $74,634,000. Finally, Millennium Management LLC lifted its holdings in shares of Comfort Systems USA by 91.0% in the 1st quarter. Millennium Management LLC now owns 317,852 shares of the construction company's stock worth $102,453,000 after buying an additional 151,447 shares during the period. Institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director directly owned 11,666 shares of the company's stock, valued at $8,557,710.96. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last quarter. Insiders own 1.59% of the company's stock.

Analyst Ratings Changes

FIX has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. DA Davidson increased their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, UBS Group increased their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $635.60.

Comfort Systems USA Stock Performance

FIX stock traded up $44.67 on Wednesday, hitting $754.20. The company's stock had a trading volume of 592,684 shares, compared to its average volume of 369,017. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $757.12. The firm has a 50 day moving average of $650.24 and a two-hundred day moving average of $493.50. The stock has a market cap of $26.61 billion, a price-to-earnings ratio of 36.46 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its 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. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business's revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business earned $3.74 EPS. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, August 14th. 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.