X Square Capital LLC Acquires Shares of 1,020 Comfort Systems USA, Inc. $FIX

Key Points

• X Square Capital acquired 1,020 shares of Comfort Systems USA worth approximately $2.02 million, while institutional investors collectively own 96.51% of the company.
• Analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of $2,082.86. The company also exceeded quarterly estimates, reporting $12.53 in EPS and $3.27 billion in revenue, up 50.3% year over year.
• Insiders sold 17,096 shares worth $31.19 million over the past 90 days, while Comfort Systems USA raised its quarterly dividend to $0.90 per share, equivalent to a 0.2% annualized yield.

X Square Capital LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,020 shares of the construction company's stock, valued at approximately $2,022,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avalon Trust Co bought a new position in Comfort Systems USA in the second quarter worth approximately $32,000. Carolina Wealth Advisors LLC raised its position in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after purchasing an additional 7 shares in the last quarter. Kilter Group LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $48,000. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth $28,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Comfort Systems USA in the 1st quarter worth $46,000. Institutional investors own 96.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FIX. KeyCorp raised their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. DA Davidson started coverage on shares of Comfort Systems USA in a research note on Friday. They issued a "buy" rating and a $2,100.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 target price on the stock. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 target price on the stock. Finally, Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Comfort Systems USA currently has an average rating of "Buy" and a consensus price target of $2,082.86.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares of the company's stock, valued at $14,389,850.40. This trade represents a 32.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares of the company's stock, valued at $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,096 shares of company stock worth $31,186,647. Insiders own 1.24% of the company's stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,658.28 on Friday. The firm's fifty day simple moving average is $1,783.64 and its two-hundred day simple moving average is $1,655.08. The firm has a market capitalization of $58.35 billion, a P/E ratio of 40.78 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $670.19 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter last year, the firm earned $6.53 EPS. The business's quarterly revenue was up 50.3% on a year-over-year basis. Analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a $0.90 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA's dividend payout ratio is 8.85%.

Comfort Systems USA Company Profile

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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