Kaufman Rossin Wealth LLC Makes New Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Kaufman Rossin Wealth LLC acquired 862 shares of Comfort Systems USA, Inc. for about $278,000 in the 1st quarter, reflecting institutional interest in the company.
• Analysts have mixed sentiments on the stock, with upgrades from Wall Street Zen and UBS Group, alongside a downgrade from Northcoast Research, resulting in a consensus rating of Buy.
• Comfort Systems USA has increased its quarterly dividend to $0.50 per share, signaling positive financial performance, with a reported EPS of $6.53 that surpassed analysts' expectations.

Kaufman Rossin Wealth LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 862 shares of the construction company's stock, valued at approximately $278,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its holdings in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares during the period. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the 1st quarter valued at about $31,000. Versant Capital Management Inc raised its holdings in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after buying an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Comfort Systems USA by 54.4% in the 1st 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. Finally, Colonial Trust Co SC raised its holdings in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 0.7%

Shares of FIX stock traded down $4.7380 during trading hours on Friday, reaching $689.2620. 525,671 shares of the stock were exchanged, compared to its average volume of 467,026. The business's fifty day moving average is $598.23 and its two-hundred day moving average is $466.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. 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 capitalization of $24.32 billion, a P/E ratio of 35.42 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates 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 firm earned $3.74 earnings per share. The business's quarterly revenue was up 20.1% compared to the same quarter last year. As a group, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA's payout ratio is currently 10.28%.

Insider Activity

In related news, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the sale, the insider directly owned 188,046 shares in the company, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the firm's 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 directly owned 21,639 shares in the company, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,205 shares of company stock valued at $20,932,366. 1.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FIX has been the topic of several research analyst reports. UBS Group boosted 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. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus boosted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. DA Davidson boosted 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 note on Monday, July 28th. Finally, Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $635.60.

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.