Wealthfront Advisers LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,137 shares of the construction company's stock, valued at approximately $6,217,000.
Several other large investors have also recently bought and sold shares of the stock. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Avalon Trust Co acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new position in shares of Comfort Systems USA in the fourth quarter valued at $33,000. Carolina Wealth Advisors LLC grew its stake in shares of Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after buying an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock worth $37,000 after buying an additional 9 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.
Comfort Systems USA Price Performance
Shares of FIX opened at $1,674.43 on Friday. The firm has a market capitalization of $58.92 billion, a PE ratio of 41.18 and a beta of 1.69. The company's 50-day moving average is $1,788.02 and its 200-day moving average is $1,655.06. Comfort Systems USA, Inc. has a fifty-two week low of $670.19 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.
Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter last year, the company posted $6.53 EPS. Comfort Systems USA's quarterly revenue was up 50.3% compared to the same quarter last year. Equities analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA's dividend payout ratio (DPR) is 8.85%.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research report on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $2,040.00.
Check Out Our Latest Analysis on FIX
Insider Transactions at Comfort Systems USA
In other news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George III sold 2,554 shares of Comfort Systems USA 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 sale, the chief financial officer directly owned 30,250 shares of the company's stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,096 shares of company stock worth $31,186,647 over the last quarter. Company insiders own 1.24% of the company's stock.
Comfort Systems USA Company Profile
(
Free Report)
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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