Vanguard Personalized Indexing Management LLC Purchases 665 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Vanguard Personalized Indexing Management LLC increased its position in Comfort Systems USA by 19.1%, acquiring an additional 665 shares, bringing its total ownership to 4,151 shares valued at approximately $2.23 million.
• Comfort Systems USA raised its quarterly dividend from $0.45 to $0.50 per share, resulting in an annualized yield of 0.2% and a payout ratio of 10.28%.
• Several analysts have upgraded their ratings on Comfort Systems USA, with DA Davidson increasing its price target to $810 and UBS Group raising it to $875, reflecting growing confidence in the company's performance.

Vanguard Personalized Indexing Management LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,151 shares of the construction company's stock after acquiring an additional 665 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Comfort Systems USA were worth $2,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after purchasing an additional 832,999 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after buying an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Comfort Systems USA by 299.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock valued at $103,085,000 after acquiring an additional 239,692 shares during the last quarter. Nuveen LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth $74,634,000. Finally, Millennium Management LLC raised its position in shares of Comfort Systems USA by 91.0% during the 1st quarter. Millennium Management LLC now owns 317,852 shares of the construction company's stock valued at $102,453,000 after acquiring an additional 151,447 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Trading Up 0.0%

NYSE:FIX opened at $837.51 on Friday. 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 business's 50-day simple moving average is $758.54 and its 200-day simple moving average is $576.71. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $861.77. The stock has a market capitalization of $29.55 billion, a PE ratio of 43.04 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio is 10.28%.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the sale, the chief accounting officer owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares of the company's stock, valued at approximately $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last 90 days. Company insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FIX shares. DA Davidson raised their price target 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. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. William Blair assumed coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating for the company. UBS Group lifted their price objective 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. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $735.80.

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.

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