Oak Harvest Investment Services Makes New Investment in Comfort Systems USA, Inc. $FIX

Oak Harvest Investment Services acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,113 shares of the construction company’s stock, valued at approximately $3,278,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Comfort Systems USA by 12.4% in the 2nd 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 during the period. Optimum Investment Advisors boosted its holdings in shares of Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after acquiring an additional 25 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 37.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Comfort Systems USA by 2.0% in the second quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock worth $932,000 after acquiring an additional 34 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FIX shares. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a report on Friday, October 24th. DA Davidson set a $810.00 target price on Comfort Systems USA in a research note on Friday, October 24th. William Blair started coverage on Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $819.20.

Comfort Systems USA Stock Down 7.8%

Comfort Systems USA stock opened at $897.09 on Friday. The stock has a market capitalization of $31.64 billion, a PE ratio of 37.98 and a beta of 1.55. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,020.26. The business has a 50 day simple moving average of $851.07 and a 200-day simple moving average of $660.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The firm 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, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be given a dividend of $0.60 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA’s payout ratio is currently 10.16%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director owned 82,901 shares in the company, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the transaction, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. This trade represents a 6.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,078 shares of company stock worth $15,242,037 in the last three months. 1.59% of the stock is owned by corporate 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.