2,324 Shares in Comfort Systems USA, Inc. $FIX Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 2,324 shares of Comfort Systems USA, Inc. valued at approximately $753,000, marking a new investment in the company.
• Comfort Systems USA reported $6.53 earnings per share (EPS) for the last quarter, significantly beating analysts' expectations of $4.84 and experiencing a year-over-year revenue increase of 20.1%.
• The company has increased its quarterly dividend from $0.45 to $0.50, indicating a commitment to returning value to its shareholders.

United Services Automobile Association bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,324 shares of the construction company's stock, valued at approximately $753,000.

Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after buying an additional 296 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after buying an additional 239 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after buying an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after buying an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management boosted its position in Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

FIX has been the topic of several research analyst reports. UBS Group boosted their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $635.60.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded up $14.23 during trading on Thursday, reaching $766.33. 559,783 shares of the stock traded hands, compared to its average volume of 366,747. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $772.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The company has a 50-day moving average of $654.75 and a 200-day moving average of $496.32. The stock has a market capitalization of $27.04 billion, a P/E ratio of 39.38 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In other news, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the transaction, the insider owned 188,046 shares of the company's stock, valued at $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by company insiders.

Comfort Systems USA 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.