Neo Ivy Capital Management Invests $1.04 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Neo Ivy Capital Management has acquired a new stake in Comfort Systems USA, purchasing 3,234 shares valued at approximately $1,042,000.
• Comfort Systems USA recently increased its quarterly dividend to $0.50 per share, signaling positive growth as it reflects an increase from the previous quarterly dividend of $0.45.
• Analysts remain bullish on Comfort Systems USA, with multiple companies raising their price targets and maintaining a "buy" rating, suggesting strong confidence in the stock's performance.

Neo Ivy Capital Management acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,234 shares of the construction company's stock, valued at approximately $1,042,000.

Several other large investors also recently added to or reduced their stakes in FIX. Norges Bank purchased a new position in Comfort Systems USA during the fourth quarter valued at approximately $196,154,000. GAMMA Investing LLC boosted its stake in shares of Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after buying an additional 253,677 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock valued at $161,523,000 after acquiring an additional 250,085 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after acquiring an additional 208,283 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC increased its stake in shares of Comfort Systems USA by 307.2% in the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after acquiring an additional 155,204 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the transaction, the director owned 7,236 shares in the company, valued at $3,155,619.60. The trade was a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock worth $18,696,795 in the last quarter. 1.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FIX shares. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday. Stifel Nicolaus raised their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group boosted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Finally, DA Davidson lifted their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $635.60.

Comfort Systems USA Stock Up 2.0%

Shares of NYSE:FIX traded up $13.52 on Wednesday, reaching $701.19. The company had a trading volume of 80,653 shares, compared to its average volume of 475,043. The stock has a market capitalization of $24.74 billion, a P/E ratio of 36.03 and a beta of 1.51. The stock has a 50-day moving average price of $523.41 and a 200 day moving average price of $439.19. Comfort Systems USA, Inc. has a twelve month low of $272.92 and a twelve month high of $709.40. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during 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 company's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 EPS. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's payout ratio is presently 10.28%.

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.