Comfort Systems USA, Inc. $FIX Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC has increased its stake in Comfort Systems USA by 68.1%, now holding shares worth approximately $2.94 million as per the latest SEC filing.
• Analysts have upgraded Comfort Systems USA's rating, with price targets ranging from $545 to $810, indicating strong investor confidence.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50 per share, reflecting its positive financial performance and growth strategy.

PDT Partners LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 68.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,134 shares of the construction company's stock after acquiring an additional 3,700 shares during the period. PDT Partners LLC's holdings in Comfort Systems USA were worth $2,944,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FIX. Mercer Global Advisors Inc. ADV increased its holdings in Comfort Systems USA by 47.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 875 shares of the construction company's stock worth $371,000 after purchasing an additional 281 shares during the period. AXA S.A. increased its holdings in Comfort Systems USA by 1.1% during the 4th quarter. AXA S.A. now owns 51,687 shares of the construction company's stock worth $21,918,000 after purchasing an additional 574 shares during the period. Ameriprise Financial Inc. increased its holdings in Comfort Systems USA by 102.7% during the 4th quarter. Ameriprise Financial Inc. now owns 142,641 shares of the construction company's stock worth $60,488,000 after purchasing an additional 72,268 shares during the period. BNP Paribas Financial Markets increased its holdings in Comfort Systems USA by 106.2% during the 4th quarter. BNP Paribas Financial Markets now owns 54,456 shares of the construction company's stock worth $23,093,000 after purchasing an additional 28,041 shares during the period. Finally, Benjamin Edwards Inc. increased its holdings in Comfort Systems USA by 8.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,282 shares of the construction company's stock worth $544,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FIX shares. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. UBS Group upped their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $635.60.

Comfort Systems USA Stock Down 2.3%

Shares of FIX traded down $16.34 during mid-day trading on Friday, reaching $707.61. The company's stock had a trading volume of 523,754 shares, compared to its average volume of 360,733. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $733.24. The stock has a market cap of $24.97 billion, a PE ratio of 36.36 and a beta of 1.54. 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 company's 50 day moving average is $638.44 and its 200 day moving average is $486.34.

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, beating 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 business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business posted $3.74 EPS. The business's revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA's payout ratio is currently 10.28%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider directly owned 188,046 shares of the company's stock, valued at $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,283 shares of company stock worth $17,627,965. Insiders own 1.59% of the company's stock.

About Comfort Systems USA

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.