Two Sigma Securities LLC Buys New Shares in Comfort Systems USA, Inc. $FIX

Key Points

• Two Sigma Securities initiated a Comfort Systems USA position by purchasing 793 shares valued at approximately $1.57 million. Institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion.
• The company increased its quarterly dividend from $0.80 to $0.90 per share, while analysts maintained a broadly positive outlook with a consensus “Buy” rating and a $2,082.86 price target.

Two Sigma Securities LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 793 shares of the construction company's stock, valued at approximately $1,572,000.

Other institutional investors also recently modified their holdings of the company. Signature Equity Partners LLC lifted its position in shares of Comfort Systems USA by 16.7% during the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock valued at $48,000 after acquiring an additional 5 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in shares of Comfort Systems USA by 1.9% in the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company's stock worth $636,000 after acquiring an additional 6 shares during the last quarter. Coston McIsaac & Partners raised its position in shares of Comfort Systems USA by 3.0% during the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock worth $329,000 after purchasing an additional 7 shares during the period. Petra Financial Advisors Inc. raised its position in shares of Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company's stock worth $1,489,000 after purchasing an additional 7 shares during the period. Finally, Carolina Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after purchasing an additional 7 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Down 0.0%

NYSE:FIX opened at $1,518.08 on Monday. The firm has a market capitalization of $53.42 billion, a price-to-earnings ratio of 37.34 and a beta of 1.69. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The business's fifty day moving average price is $1,747.26 and its 200 day moving average price is $1,672.11.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business earned $6.53 EPS. The business's revenue for the quarter was up 50.3% on a year-over-year basis. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA's payout ratio is currently 8.85%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The shares were 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 directly owned 30,250 shares of the company's stock, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is owned by company insiders.

Analyst Ratings Changes

FIX has been the subject of a number of recent analyst reports. DA Davidson began coverage on Comfort Systems USA in a research report on Friday, August 21st. They issued a "buy" rating and a $2,100.00 price target for the company. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a report on Thursday, August 20th. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. Finally, Oppenheimer assumed coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an "outperform" rating and a $2,200.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $2,082.86.

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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