Moors & Cabot Inc. Acquires 921 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Moors & Cabot Inc. increased its stake in Comfort Systems USA by 124.8% in the 1st quarter, owning 1,659 shares valued at approximately $535,000.
• Insider sales included Director Darcy Anderson selling 8,000 shares for over $4 million, decreasing his ownership by 23.16%.
• Comfort Systems USA reported a 20.1% revenue increase year-over-year, reaching $2.17 billion in the latest quarter, alongside an earnings per share of $6.53.

Moors & Cabot Inc. increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 124.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,659 shares of the construction company's stock after acquiring an additional 921 shares during the period. Moors & Cabot Inc.'s holdings in Comfort Systems USA were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FIX. Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the period. Colonial Trust Co SC boosted its position in Comfort Systems USA by 352.6% in the fourth 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 in the last quarter. Versant Capital Management Inc boosted 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 valued at $32,000 after buying an additional 72 shares in the last quarter. Johnson Financial Group Inc. boosted its position in Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after buying an additional 59 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted 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 buying an additional 37 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 1.0%

Shares of FIX traded down $6.74 during mid-day trading on Tuesday, reaching $692.42. The company's stock had a trading volume of 354,056 shares, compared to its average volume of 440,846. 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 52 week low of $276.44 and a 52 week high of $718.40. The company's fifty day moving average price is $541.99 and its two-hundred day moving average price is $445.00. The stock has a market cap of $24.43 billion, a PE ratio of 35.58 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.74 earnings per share. On average, analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, August 14th. 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%. Comfort Systems USA's dividend payout ratio is 9.25%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson lifted 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 report on Monday, July 28th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. UBS Group upped their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Stifel Nicolaus upped their target price on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and an average target price of $635.60.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction 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 of the company's stock, valued at $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider directly owned 198,046 shares in the company, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,900 shares of company stock valued at $20,853,987 over the last ninety days. Insiders own 1.59% of the company's stock.

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.