Private Advisory Group LLC Purchases Shares of 1,357 Comfort Systems USA, Inc. $FIX

Key Points

• Private Advisory Group LLC initiated a position in Comfort Systems USA by purchasing 1,357 shares worth approximately $2.69 million. Institutional investors collectively own 96.51% of the company.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $2,057.86. Recent targets range from $1,910 to $2,225.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates and revenue rising 50.3% year over year to $3.27 billion. The company also raised its quarterly dividend to $0.90 per share.

Private Advisory Group LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,357 shares of the construction company's stock, valued at approximately $2,690,000.

Other institutional investors have also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 4th quarter valued at approximately $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA during the 2nd quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA during the 4th quarter worth approximately $33,000. Carolina Wealth Advisors LLC lifted its holdings in Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after purchasing an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its holdings in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock valued at $37,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

FIX has been the subject of a number of analyst reports. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research note on Monday, July 27th. UBS Group lifted their target price on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 target price for the company. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Oppenheimer began coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an "outperform" rating and a $2,200.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $2,057.86.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 6,700 shares of the business's stock in a transaction dated Wednesday, June 24th. The stock was 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 approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the transaction, the director directly owned 1,890 shares of the company's stock, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,542 shares of company stock valued at $26,437,101. Company insiders own 1.24% of the company's stock.

Comfort Systems USA Price Performance

FIX stock opened at $1,774.19 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company's fifty day moving average price is $1,793.06 and its 200-day moving average price is $1,634.99. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The company has a market capitalization of $62.44 billion, a PE ratio of 43.63 and a beta of 1.69.

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 for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $6.53 earnings per share. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. 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 8.85%.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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