MGO One Seven LLC Buys 484 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• MGO One Seven LLC increased its stake in Comfort Systems USA by 49.0%, acquiring an additional 484 shares, bringing its total holdings to 1,472 shares valued at approximately $789,000.
• The company announced a quarterly dividend increase from $0.45 to $0.50, representing an annualized dividend of $2.00 and a dividend yield of 0.2%.
• Analysts have mostly rated Comfort Systems USA as a "buy," with several upgrades and a maintained average price target of $735.80.

MGO One Seven LLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 49.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,472 shares of the construction company's stock after buying an additional 484 shares during the quarter. MGO One Seven LLC's holdings in Comfort Systems USA were worth $789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA in the second quarter valued at about $27,000. Tradewinds Capital Management LLC grew 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 valued at $26,000 after acquiring an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new position in Comfort Systems USA in the first quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. grew 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 valued at $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group grew 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 valued at $37,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an "outperform" rating on the stock. Stifel Nicolaus lifted their price target on Comfort Systems USA from $746.00 to $917.00 and gave the company a "buy" rating in a research note on Monday. Zacks Research lowered Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average price target of $735.80.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $837.51 on Friday. The stock's 50 day moving average is $758.54 and its 200 day moving average is $576.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market cap of $29.55 billion, a P/E ratio of 43.04 and a beta of 1.58. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $861.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. As a group, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were paid a $0.50 dividend. 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 dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's payout ratio is presently 10.28%.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock valued at $18,710,798 over the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.