Wedmont Private Capital Buys Shares of 479 Comfort Systems USA, Inc. $FIX

Key Points

• Wedmont Private Capital purchased 479 shares of Comfort Systems USA, valued at approximately $256,000, indicating growing investor interest in the company.
• Insider transactions revealed that CAO Julie Shaeff and insider Brian E. Lane sold significant amounts of stock, with Shaeff selling 1,369 shares worth over $964,000.
• Analysts upgraded Comfort Systems USA's stock ratings, with Zacks Research moving it from a "hold" to a "strong-buy" and UBS raising the price target from $710 to $875.

Wedmont Private Capital 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 Securities & Exchange Commission. The fund bought 479 shares of the construction company's stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its position in Comfort Systems USA by 12.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $107,000 after buying an additional 22 shares in the last quarter. Tradewinds Capital Management LLC grew its position in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after buying an additional 37 shares in the last quarter. Evergreen Capital Management LLC grew its position in Comfort Systems USA by 1.9% during the first quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock worth $699,000 after buying an additional 40 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in Comfort Systems USA by 36.8% during the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock worth $52,000 after buying an additional 43 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In other news, CAO Julie Shaeff sold 1,369 shares of the 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 completion of the transaction, the chief accounting officer owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. This represents a 7.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the 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 completion of the transaction, the insider directly owned 188,046 shares of the company's stock, valued at $130,078,940.04. This represents a 5.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. UBS Group lifted their price target on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. William Blair began coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an "outperform" rating for the company. Finally, DA Davidson lifted their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. One 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. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $668.60.

Comfort Systems USA Trading Down 0.4%

FIX opened at $796.56 on Monday. The business has a 50 day simple moving average of $683.84 and a two-hundred day simple moving average of $516.19. The firm has a market capitalization of $28.10 billion, a price-to-earnings ratio of 40.93 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $806.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.74 EPS. 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 was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is currently 10.28%.

About Comfort Systems USA

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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