QRG Capital Management Inc. Takes Position in Comfort Systems USA, Inc. $FIX

Key Points

• QRG Capital Management Inc. acquired a new stake in Comfort Systems USA, Inc. valued at approximately $247,000 with 460 shares purchased in the 2nd quarter.
• Insider sales included COO T Mckenna Trent selling 4,400 shares for over $3.15 million, which represents a 16.90% decrease in his holdings.
• Comfort Systems USA recently increased its quarterly dividend by 11.11%, raising it from $0.45 to $0.50 per share.

QRG Capital Management Inc. acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 460 shares of the construction company's stock, valued at approximately $247,000.

Several other hedge funds have also bought and sold shares of FIX. Farther Finance Advisors LLC lifted its stake in Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after purchasing an additional 239 shares during the last quarter. GAMMA Investing LLC lifted its stake in Comfort Systems USA by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 789 shares of the construction company's stock valued at $254,000 after purchasing an additional 148 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at about $2,135,000. NorthCrest Asset Manangement LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at about $302,000. Finally, Azzad Asset Management Inc. ADV acquired a new stake in Comfort Systems USA in the 1st quarter valued at about $780,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares of the company's stock, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock valued at $18,710,798 in the last quarter. Insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. UBS Group raised their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. DA Davidson raised their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $668.60.

Comfort Systems USA Stock Performance

NYSE FIX opened at $817.14 on Monday. The firm's fifty day moving average price is $747.01 and its two-hundred day moving average price is $565.87. The stock has a market cap of $28.83 billion, a PE ratio of 41.99 and a beta of 1.58. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $858.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

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.

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