Lecap Asset Management Ltd. Purchases 1,074 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Lecap Asset Management Ltd. significantly increased its stake in Comfort Systems USA, owning 1,874 shares after acquiring an additional 1,074 shares, indicating a growth of 134.3% in the second quarter.
• Comfort Systems USA announced an increase in its quarterly dividend from $0.45 to $0.50 per share, reflecting a 10.28% payout ratio.
• Analysts have shown positive sentiment towards Comfort Systems USA, with UBS Group raising its price target significantly from $710 to $875 and maintaining a "buy" rating.

Lecap Asset Management Ltd. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 134.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,874 shares of the construction company's stock after buying an additional 1,074 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Comfort Systems USA were worth $1,005,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its position 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 buying an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new stake in Comfort Systems USA in the first quarter worth $31,000. Versant Capital Management Inc lifted its position in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after buying an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after buying an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after buying an additional 83 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction on 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. This trade represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $833.65 on Friday. The firm has a market cap of $29.41 billion, a P/E ratio of 42.84 and a beta of 1.58. 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 12 month low of $276.44 and a 12 month high of $852.31. The stock's fifty day moving average price is $731.36 and its 200-day moving average price is $543.46.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.74 earnings per share. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's payout ratio is 10.28%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group raised their price target on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus lifted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of "Moderate Buy" and an average target price of $668.60.

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.

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