Perbak Capital Partners LLP Invests $238,000 in Comfort Systems USA, Inc. $FIX

Key Points

• Perbak Capital Partners LLP invested approximately $238,000 in Comfort Systems USA, acquiring 739 shares of the company during the first quarter.
• Comfort Systems USA reported a quarterly EPS of $6.53, exceeding analysts' expectations of $4.84, with revenues of $2.17 billion for the quarter.
• The company recently increased its quarterly dividend to $0.50 per share, reflecting an annualized dividend yield of 0.3% and a payout ratio of 10.28%.

Perbak Capital Partners LLP bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 739 shares of the construction company's stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. GAMMA Investing LLC lifted its position in shares of Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after acquiring an additional 253,677 shares in the last quarter. Nuveen LLC purchased a new position in shares of Comfort Systems USA in the first quarter valued at approximately $74,634,000. Artemis Investment Management LLP lifted its position in shares of Comfort Systems USA by 147.4% in the first quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock valued at $80,015,000 after acquiring an additional 147,885 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Comfort Systems USA by 36.4% in the first quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock valued at $167,430,000 after acquiring an additional 138,541 shares in the last quarter. Finally, Carmignac Gestion acquired a new stake in Comfort Systems USA in the 1st quarter valued at about $43,286,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 1.6%

Comfort Systems USA stock traded up $10.97 during trading on Monday, hitting $717.28. The company had a trading volume of 78,598 shares, compared to its average volume of 462,732. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $733.24. 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 company's 50 day simple moving average is $638.44 and its 200-day simple moving average is $487.70. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 36.84 and a beta of 1.54.

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, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm earned $3.74 EPS. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Transactions at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, the chief operating officer owned 21,639 shares in the company, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares of the company's stock, valued at $4,523,220. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,283 shares of company stock worth $17,627,965 in the last three months. Company insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of recent research reports. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson increased their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One research 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's stock. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of "Buy" and a consensus price target of $635.60.

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.