Retirement Guys Formula LLC Makes New $241,000 Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Retirement Guys Formula LLC made a new investment of approximately $241,000 in Comfort Systems USA, acquiring 449 shares during the 2nd quarter of the year.
• Comfort Systems USA's quarterly earnings report revealed earnings per share of $6.53, exceeding analysts' expectations, with a 20.1% increase in revenue compared to the previous year.
• The company recently increased its quarterly dividend to $0.50 per share, demonstrating a positive change from the previous $0.45 dividend.

Retirement Guys Formula LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 449 shares of the construction company's stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also bought and sold shares of FIX. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $31,000. Versant Capital Management Inc raised its holdings in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after acquiring an additional 83 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,078 shares of the business's stock in a transaction 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 sale, the director owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer owned 16,023 shares in the company, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,783 shares of company stock worth $18,710,798. Insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $791.61 on Thursday. The firm has a market cap of $27.93 billion, a PE ratio of 40.68 and a beta of 1.54. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $825.00. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The company's fifty day simple moving average is $699.53 and its two-hundred day simple moving average is $523.50.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 39.33% and a net margin of 9.01%.The business's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $3.74 EPS. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on FIX. 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. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. DA Davidson lifted their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. UBS Group lifted their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and an average target price of $668.60.

About Comfort Systems USA

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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