Virtu Financial LLC Acquires 2,359 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Virtu Financial LLC increased its stake in Comfort Systems USA by 124.6% in the first quarter, holding 4,252 shares valued at approximately $1.37 million, according to the latest SEC filing.
• Comfort Systems USA reported earnings of $6.53 per share for the last quarter, surpassing expectations and marking a year-over-year revenue increase of 20.1%.
• The company has announced a quarterly dividend increase to $0.50 per share, up from $0.45, reflecting positive growth and a current yield of 0.3%.

Virtu Financial LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 124.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,252 shares of the construction company's stock after acquiring an additional 2,359 shares during the period. Virtu Financial LLC's holdings in Comfort Systems USA were worth $1,370,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Comfort Systems USA by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after purchasing an additional 42 shares during the period. Rakuten Securities Inc. lifted its holdings in Comfort Systems USA by 36.8% during the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock worth $52,000 after purchasing an additional 43 shares during the last quarter. Finally, PFG Advisors boosted its stake in Comfort Systems USA by 7.2% in the 1st quarter. PFG Advisors now owns 668 shares of the construction company's stock valued at $215,000 after purchasing an additional 45 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded down $12.57 during midday trading on Thursday, reaching $689.53. The company's stock had a trading volume of 432,701 shares, compared to its average volume of 473,783. The stock has a market cap of $24.33 billion, a PE ratio of 35.43 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $733.24. The business has a 50-day moving average price of $571.84 and a 200-day moving average price of $454.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.74 EPS. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is currently 9.25%.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 10,000 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 188,046 shares in the company, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, the chief operating officer owned 21,639 shares of the company's stock, valued at $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,205 shares of company stock worth $20,932,366. Company insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FIX shares. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson boosted their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. UBS Group boosted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $635.60.

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.