Comfort Systems USA, Inc. $FIX Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 114.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,557 shares of the construction company’s stock after acquiring an additional 1,898 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Comfort Systems USA were worth $1,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Jones Financial Companies Lllp increased its stake in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares during the period. AQR Capital Management LLC grew its position in Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after buying an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after buying an additional 239,692 shares during the period. Nuveen LLC acquired a new position in Comfort Systems USA during the first quarter worth about $74,634,000. Finally, Millennium Management LLC grew its position in Comfort Systems USA by 91.0% during the first quarter. Millennium Management LLC now owns 317,852 shares of the construction company’s stock worth $102,453,000 after buying an additional 151,447 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on FIX shares. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group increased their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, DA Davidson set a $810.00 price target on shares of Comfort Systems USA in a research report on Friday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $766.20.

Comfort Systems USA Stock Performance

Shares of FIX opened at $981.15 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market capitalization of $34.61 billion, a price-to-earnings ratio of 41.54 and a beta of 1.58. The company’s 50 day simple moving average is $776.79 and its 200 day simple moving average is $602.39. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,002.64.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. 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 disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 10.28%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares of the company’s stock, valued at $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock valued at $18,710,798 over the last 90 days. 1.59% of the stock is currently owned by insiders.

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.