Venture Visionary Partners LLC Makes New $3.08 Million Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Venture Visionary Partners LLC made a new investment of approximately $3.08 million in Comfort Systems USA, acquiring 5,745 shares during the second quarter.
• Comfort Systems USA reported strong quarterly earnings, with $6.53 earnings per share and revenue of $2.17 billion, exceeding analyst expectations.
• The company announced an increase in its quarterly dividend to $0.50 per share, reflecting a commitment to returning value to shareholders.

Venture Visionary Partners LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,745 shares of the construction company's stock, valued at approximately $3,081,000.

A number of other large investors have also recently bought and sold shares of FIX. Jones Financial Companies Lllp grew its stake in Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after buying an additional 832,999 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after purchasing an additional 273,453 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after purchasing an additional 253,677 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock valued at $103,085,000 after purchasing an additional 239,692 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at approximately $74,634,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $803.06 on Tuesday. The company has a fifty day moving average of $714.31 and a 200-day moving average of $536.03. The firm has a market capitalization of $28.33 billion, a P/E ratio of 41.27 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $825.00.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.74 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIX. DA Davidson raised their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. UBS Group lifted their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. William Blair initiated coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $668.60.

Insiders Place Their Bets

In related news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the sale, the director owned 11,666 shares of the company's stock, valued at approximately $8,557,710.96. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 in the last quarter. Insiders own 1.59% of the company's stock.

Comfort Systems USA Company 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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