NewEdge Advisors LLC Has $12.84 Million Stock Position in Comfort Systems USA, Inc. $FIX

Key Points

• NewEdge Advisors increased its Comfort Systems USA stake by 30.5% in the second quarter, bringing its holdings to 6,476 shares valued at approximately $12.84 million. Institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported quarterly EPS of $12.53, beating estimates by $2.08, while revenue rose 50.3% year over year to $3.27 billion. The company also raised its quarterly dividend from $0.80 to $0.90 per share.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $2,082.86. However, insiders sold more than $56.3 million worth of shares over the past three months.

NewEdge Advisors LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 30.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,476 shares of the construction company's stock after buying an additional 1,512 shares during the period. NewEdge Advisors LLC's holdings in Comfort Systems USA were worth $12,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prudential PLC bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $6,922,000. BNP Paribas Financial Markets grew its position in Comfort Systems USA by 230.4% during the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company's stock worth $53,383,000 after buying an additional 39,888 shares in the last quarter. Simplicity Wealth LLC bought a new position in Comfort Systems USA during the second quarter valued at about $601,000. Rothschild Wealth LLC bought a new position in Comfort Systems USA during the fourth quarter valued at about $689,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Comfort Systems USA in the 4th quarter valued at approximately $5,247,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 6.1%

FIX opened at $1,688.20 on Friday. The firm's 50-day simple moving average is $1,686.01 and its 200-day simple moving average is $1,687.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a twelve month low of $751.85 and a twelve month high of $2,073.99. The firm has a market cap of $59.41 billion, a price-to-earnings ratio of 41.52 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA's quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.53 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a $0.90 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is currently 8.85%.

Wall Street Analyst Weigh In

A number of analysts have commented on FIX shares. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a research report on Thursday, August 20th. DA Davidson began coverage on Comfort Systems USA in a research note on Friday, August 21st. They issued a "buy" rating and a $2,100.00 target price for the company. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of "Buy" and a consensus target price of $2,082.86.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 6,700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at $121,401,904.05. This trade represents a 9.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,778 shares of company stock worth $56,306,777 in the last three months. Insiders own 1.24% of the company's stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.

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