231,544 Shares in Comfort Systems USA, Inc. $FIX Purchased by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $74.63 million in Comfort Systems USA by acquiring 231,544 shares, representing about 0.66% ownership of the company.
• Comfort Systems USA has recently seen significant increases in holdings from multiple institutional investors, with 96.51% of its stock now owned by hedge funds and other institutional investors.
• The company announced an increase in its quarterly dividend from $0.45 to $0.50 per share, reflecting its commitment to returning value to shareholders.

Nuveen LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 231,544 shares of the construction company's stock, valued at approximately $74,634,000. Nuveen LLC owned approximately 0.66% of Comfort Systems USA as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Tradewinds Capital Management LLC grew its holdings in shares of Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares during the period. Versant Capital Management Inc grew its holdings 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 purchasing an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings 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 purchasing an additional 37 shares during the last quarter. Colonial Trust Co SC increased its position in shares of 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. Finally, Rothschild Investment LLC raised its position in Comfort Systems USA by 106.9% during the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at $11,288,203.50. This represents a 7.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director owned 26,535 shares in the company, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,205 shares of company stock worth $20,932,366 in the last ninety days. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Trading Up 1.5%

Shares of FIX traded up $10.00 during mid-day trading on Monday, reaching $690.86. The company had a trading volume of 106,870 shares, compared to its average volume of 470,913. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market cap of $24.37 billion, a price-to-earnings ratio of 35.50 and a beta of 1.49. The firm has a fifty day simple moving average of $578.99 and a 200-day simple moving average of $458.28. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $3.74 EPS. The company's quarterly revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS 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. Investors of record on Thursday, August 14th will be given a dividend of $0.50 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FIX. UBS Group increased their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson upped their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $635.60.

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.