Sagespring Wealth Partners LLC Buys Shares of 481 Comfort Systems USA, Inc. $FIX

Key Points

• Sagespring Wealth Partners LLC acquired 481 shares of Comfort Systems USA, Inc., valued at approximately $258,000, in the second quarter.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50, reflecting an annualized dividend yield of 0.2%.
• The stock has shown substantial interest from institutional investors, with over 96.51% of its shares owned by them, indicating significant market confidence.

Sagespring Wealth Partners LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 481 shares of the construction company's stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Comfort Systems USA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock valued at $1,225,673,000 after purchasing an additional 21,847 shares during the period. Westfield Capital Management Co. LP increased its position in Comfort Systems USA by 0.5% during the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock valued at $286,757,000 after purchasing an additional 4,512 shares during the period. Jones Financial Companies Lllp increased its position in Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after purchasing an additional 832,999 shares during the period. AQR Capital Management LLC increased its position in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after purchasing an additional 273,453 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Comfort Systems USA by 36.4% during the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock valued at $167,430,000 after purchasing an additional 138,541 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $827.02 on Friday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $861.77. The business's fifty day moving average is $761.23 and its 200 day moving average is $581.79. 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 stock has a market cap of $29.18 billion, a P/E ratio of 42.50 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $713.90 million for the quarter. Sell-side analysts anticipate 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. Investors of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares in the company, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer owned 21,639 shares in the company, valued at approximately $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock worth $18,710,798 over the last quarter. Corporate insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FIX. 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. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an "outperform" rating for the company. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA has an average rating of "Moderate Buy" and a consensus price target of $735.80.

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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