Transamerica Financial Advisors LLC Purchases Shares of 5,372 Comfort Systems USA, Inc. $FIX

Key Points

• Transamerica Financial Advisors acquired 5,372 shares of Comfort Systems USA worth approximately $10.6 million, making FIX its 23rd-largest holding. Institutional investors and hedge funds own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with earnings per share of $12.53 exceeding estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $2,082.86. The company also raised its quarterly dividend to $0.90 per share, while insiders sold more than $30.5 million of stock over the past three months.

Transamerica Financial Advisors LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,372 shares of the construction company's stock, valued at approximately $10,647,000. Comfort Systems USA makes up approximately 0.9% of Transamerica Financial Advisors LLC's investment portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company's stock worth $1,100,000 after acquiring an additional 993 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock valued at $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company's stock valued at $579,000 after purchasing an additional 313 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Comfort Systems USA in the second quarter worth $567,000. Finally, Sei Investments Co. lifted its position in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company's stock worth $23,395,000 after purchasing an additional 17,839 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Franklin Myers sold 6,700 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director directly owned 62,115 shares of the company's stock, valued at $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 2,554 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company's stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,754 shares of company stock worth $30,536,820 over the last three months. Insiders own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FIX shares. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. KeyCorp lifted their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price target for the company. Finally, DA Davidson started coverage on Comfort Systems USA in a research report on Friday, August 21st. They set a "buy" rating and a $2,100.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $2,082.86.

Comfort Systems USA Stock Performance

FIX opened at $1,618.93 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $670.19 and a 12-month high of $2,073.99. The business has a 50 day moving average of $1,763.42 and a 200-day moving average of $1,667.74. The stock has a market cap of $56.97 billion, a price-to-earnings ratio of 39.82 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the firm earned $6.53 EPS. The firm's revenue was up 50.3% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were issued a $0.90 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA's dividend payout ratio is presently 8.85%.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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