Walker Asset Management LLC Invests $220,000 in Comfort Systems USA, Inc. $FIX

Key Points

• Walker Asset Management LLC invested around $220,000 in Comfort Systems USA by acquiring 410 shares in the second quarter, reflecting growing institutional interest in the company.
• Insider sales from Comfort Systems USA included significant transactions by Brian E. Lane and William George III, indicating a 5.05% and 15.09% decrease in their respective holdings.
• Research firms have set a consensus "Buy" rating on Comfort Systems USA, with the company's stock showing strong performance, including a recent EPS that beat expectations by $1.69.

Walker Asset Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 410 shares of the construction company's stock, valued at approximately $220,000.

Several other institutional investors also recently modified their holdings of FIX. Tradewinds Capital Management LLC grew its position 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. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at about $31,000. Versant Capital Management Inc lifted its holdings in shares of Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Comfort Systems USA by 54.4% during the 1st 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 in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after purchasing an additional 83 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other news, 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 transaction of $6,917,400.00. Following the sale, the insider owned 188,046 shares in the company, valued at $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William George III sold 8,436 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,783 shares of company stock worth $18,710,798. Insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIX. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, William Blair began coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and a consensus price target of $668.60.

Comfort Systems USA Trading Up 3.1%

NYSE FIX opened at $806.24 on Monday. The stock has a market capitalization of $28.44 billion, a price-to-earnings ratio of 41.43 and a beta of 1.54. The stock's 50 day moving average price is $709.14 and its two-hundred day moving average price is $532.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $825.00.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business's quarterly revenue 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, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.00 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 $0.45. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

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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