Retireful LLC Buys Shares of 1,360 Comfort Systems USA, Inc. $FIX

Key Points

• Retireful LLC has purchased 1,360 shares of Comfort Systems USA, Inc. for approximately $729,000, reflecting growing institutional interest in the construction company.
• Analyst ratings for Comfort Systems USA have improved, with Zacks raising the stock from a "hold" to a "strong-buy" rating, while UBS raised its price target from $710 to $875.
• Comfort Systems USA recently declared a quarterly dividend of $0.50 per share, up from $0.45, underscoring the company’s commitment to returning value to shareholders.

Retireful LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,360 shares of the construction company's stock, valued at approximately $729,000.

Other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in Comfort Systems USA by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 13,723 shares of the construction company's stock worth $7,358,000 after buying an additional 747 shares during the last quarter. Ballentine Partners LLC bought a new stake in Comfort Systems USA in the second quarter worth approximately $471,000. Maseco LLP acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth $64,000. Fifth Third Bancorp raised its holdings in shares of Comfort Systems USA by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company's stock valued at $932,000 after purchasing an additional 34 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $423,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. 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 report on Monday, July 28th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, UBS Group lifted their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of "Buy" and an average price target of $668.60.

Insider Activity at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,078 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,783 shares of company stock valued at $18,710,798. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $791.61 on Thursday. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 40.68 and a beta of 1.54. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $825.00. The business has a fifty day simple moving average of $699.53 and a 200 day simple moving average of $523.50. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.74 EPS. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is 10.28%.

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.

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