466 Shares in Comfort Systems USA, Inc. $FIX Acquired by Quantum Financial Advisors LLC

Key Points

• Quantum Financial Advisors LLC has acquired a new stake in Comfort Systems USA, purchasing 466 shares valued at approximately $250,000.
• Comfort Systems USA reported earnings of $6.53 per share for the last quarter, significantly exceeding analysts' expectations, which projected $4.84.
• The company recently increased its quarterly dividend from $0.45 to $0.50 per share, representing a 0.3% dividend yield.

Quantum Financial Advisors LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 466 shares of the construction company's stock, valued at approximately $250,000.

A number of other hedge funds have also recently added to or reduced their stakes in FIX. ProShare Advisors LLC grew its stake in shares of Comfort Systems USA by 7.0% in the 4th quarter. ProShare Advisors LLC now owns 1,659 shares of the construction company's stock valued at $704,000 after purchasing an additional 108 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Comfort Systems USA by 71.2% in the fourth quarter. Royal Bank of Canada now owns 47,507 shares of the construction company's stock valued at $20,146,000 after buying an additional 19,753 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $635,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $214,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of Comfort Systems USA by 108.6% in the fourth quarter. Sunbelt Securities Inc. now owns 895 shares of the construction company's stock valued at $384,000 after buying an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Down 2.0%

NYSE:FIX traded down $16.38 on Tuesday, hitting $805.24. 168,909 shares of the stock were exchanged, compared to its average volume of 462,443. The stock has a market cap of $28.41 billion, a PE ratio of 41.38 and a beta of 1.54. 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 fifty day moving average of $689.37 and a 200-day moving average of $519.66. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $825.00.

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 (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 during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share 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. Shareholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares of the company's stock, valued at $32,879,799.80. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 21,639 shares in the company, valued at approximately $15,507,156.57. This represents a 16.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 over the last quarter. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Stifel Nicolaus lifted their price target 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. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. DA Davidson boosted their target price on 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 Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Buy" and an average target price of $668.60.

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.