Strategic Planning Group LLC Has $15.40 Million Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Strategic Planning Group LLC has increased its holdings in Comfort Systems USA, Inc. by 21.8% during the second quarter, owning 28,715 shares valued at approximately $15.4 million.
• Numerous analysts have upgraded their ratings for Comfort Systems USA, with a majority giving it a Buy rating and a raised average price target of $668.60.
• Comfort Systems USA reported strong quarterly earnings with an EPS of $6.53, surpassing estimates, and announced an increase in its quarterly dividend from $0.45 to $0.50.

Strategic Planning Group LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 21.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,715 shares of the construction company's stock after buying an additional 5,131 shares during the quarter. Comfort Systems USA comprises about 2.5% of Strategic Planning Group LLC's holdings, making the stock its 13th largest position. Strategic Planning Group LLC owned 0.08% of Comfort Systems USA worth $15,397,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its position in shares of Comfort Systems USA by 49.1% during 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 during the period. Stone House Investment Management LLC bought a new position in Comfort Systems USA during the first quarter worth $31,000. Versant Capital Management Inc boosted its stake in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after acquiring an additional 83 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. William Blair assumed coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an "outperform" rating on the stock. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group increased their target price 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. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, DA Davidson increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of "Buy" and an average price target of $668.60.

Comfort Systems USA Stock Performance

NYSE FIX opened at $796.56 on Monday. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $806.58. The company has a 50-day simple moving average of $683.84 and a 200 day simple moving average of $516.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The company has a market capitalization of $28.10 billion, a PE ratio of 40.93 and a beta of 1.54.

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

Comfort Systems USA Increases Dividend

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

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares in the company, valued at $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares of the company's stock, valued at $11,288,203.50. The trade was a 7.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.