Kovitz Investment Group Partners LLC Acquires 11,385 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Kovitz Investment Group Partners LLC significantly increased its holdings in Comfort Systems USA by 1,993.9% during Q1, acquiring 11,385 additional shares, bringing their total to 11,956 shares worth $3.85 million.
• Analysts have set optimistic price targets for Comfort Systems USA, with UBS Group raising their target from $545.00 to $710.00 and DA Davidson from $630.00 to $810.00, reflecting a consensus rating of "Moderate Buy".
• Comfort Systems USA announced an increase in its quarterly dividend from $0.45 to $0.50 per share, with a payment date set for August 25th, indicating a boost in shareholder returns.

Kovitz Investment Group Partners LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1,993.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,956 shares of the construction company's stock after purchasing an additional 11,385 shares during the period. Kovitz Investment Group Partners LLC's holdings in Comfort Systems USA were worth $3,854,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Tradewinds Capital Management LLC increased its holdings in shares of 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 purchasing an additional 27 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 purchasing an additional 37 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Comfort Systems USA by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after purchasing an additional 42 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Comfort Systems USA by 36.8% in the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after purchasing an additional 43 shares during the period. Finally, PFG Advisors increased its holdings in shares of Comfort Systems USA by 7.2% in the 1st quarter. PFG Advisors now owns 668 shares of the construction company's stock valued at $215,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the sale, the director owned 26,535 shares of the company's stock, valued at $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the company'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 value of $3,153,172.00. Following the sale, the chief operating officer directly owned 21,639 shares of the company's stock, valued at $15,507,156.57. The trade was a 16.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,205 shares of company stock valued at $20,932,366. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $4.7380 during trading hours on Friday, reaching $689.2620. 525,671 shares of the company were exchanged, compared to its average volume of 467,026. The firm has a market cap of $24.32 billion, a price-to-earnings ratio of 35.42 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $598.23 and a 200 day moving average of $466.79. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company's revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.74 earnings per share. As a group, research analysts anticipate 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. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIX. Stifel Nicolaus increased their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson increased their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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.