NWK Group Inc. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 4,555 shares of the construction company’s stock, valued at approximately $9,028,000. Comfort Systems USA comprises about 2.8% of NWK Group Inc.’s portfolio, making the stock its 15th largest position.
A number of other large investors also recently made changes to their positions in the business. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth $28,000. Avalon Trust Co acquired a new stake in Comfort Systems USA in the 2nd quarter worth about $32,000. Kemnay Advisory Services Inc. purchased a new stake in Comfort Systems USA in the 4th quarter valued at about $33,000. Carolina Wealth Advisors LLC grew its holdings in Comfort Systems USA by 63.6% in the 2nd 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 during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.
Comfort Systems USA Stock Performance
Comfort Systems USA stock opened at $1,691.56 on Thursday. The company has a market cap of $59.53 billion, a price-to-earnings ratio of 41.60 and a beta of 1.69. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month 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. The stock’s 50-day moving average is $1,791.43 and its 200-day moving average is $1,651.31.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.
Insider Activity at Comfort Systems USA
In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated 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 $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. 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 the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 17,096 shares of company stock worth $31,186,647. 1.24% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
FIX has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. KeyCorp boosted their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $2,057.86.
Check Out Our Latest Analysis on FIX
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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