Value Aligned Research Advisors LLC Has $482.82 Million Position in Comfort Systems USA, Inc. $FIX

Key Points

• Value Aligned Research Advisors increased its Comfort Systems USA stake by 14% in the second quarter, bringing its holdings to 243,607 shares worth approximately $482.8 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 raised its quarterly dividend from $0.80 to $0.90 per share, while analysts maintained a broadly positive outlook with an average “Buy” rating and a $2,082.86 price target.

Value Aligned Research Advisors LLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,607 shares of the construction company's stock after buying an additional 29,970 shares during the period. Comfort Systems USA makes up about 1.2% of Value Aligned Research Advisors LLC's investment portfolio, making the stock its 17th largest position. Value Aligned Research Advisors LLC owned about 0.69% of Comfort Systems USA worth $482,817,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its position in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company's stock worth $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth boosted its position in 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 buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC grew its position in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company's stock worth $579,000 after acquiring an additional 313 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Comfort Systems USA during the second quarter worth $567,000. Finally, Sei Investments Co. increased its position in Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company's stock valued at $23,395,000 after acquiring an additional 17,839 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,616.34 on Friday. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99. The business's 50 day moving average price is $1,756.32 and its two-hundred day moving average price is $1,670.47. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The company has a market cap of $56.88 billion, a PE ratio of 39.75 and a beta of 1.69.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. This represents a $3.60 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 $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA's dividend payout ratio is 8.85%.

Insiders Place Their Bets

In related news, CFO William George III sold 2,554 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction on 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 completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold 32,778 shares of company stock worth $56,306,777 in the last 90 days. Company insiders own 1.24% of the company's stock.

Analyst Ratings Changes

FIX has been the topic of several research reports. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday, July 27th. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 price objective for the company. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a research note on Thursday, August 20th. Finally, KeyCorp raised their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $2,082.86.

Comfort Systems USA Company 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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