Westpac Banking Corp purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 772 shares of the construction company’s stock, valued at approximately $1,530,000.
Other large investors have also recently modified their holdings of the company. TRB Wealth Management LLC acquired a new position in shares of Comfort Systems USA during the second quarter worth $268,000. Sumitomo Life Insurance Co. bought a new stake in shares of Comfort Systems USA in the second quarter worth $4,083,000. Landscape Capital Management L.L.C. acquired a new stake in Comfort Systems USA in the second quarter valued at $1,155,000. Korea Investment CORP acquired a new stake in Comfort Systems USA in the second quarter valued at $91,976,000. Finally, EP Wealth Advisors LLC bought a new position in Comfort Systems USA during the 2nd quarter worth $8,458,000. Institutional investors own 96.51% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. DA Davidson began coverage on Comfort Systems USA in a report on Friday. They set a “buy” rating and a $2,100.00 target price on the stock. KeyCorp increased 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. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target of $2,082.86.
Insider Buying and Selling
In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the business’s 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 value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value 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 disclosure for this sale is available in the SEC filing. Insiders sold 17,096 shares of company stock valued at $31,186,647 over the last 90 days. Company insiders own 1.24% of the company’s stock.
Comfort Systems USA Price Performance
FIX stock opened at $1,658.28 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a market cap of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69. The company’s fifty day simple moving average is $1,783.64 and its 200 day simple moving average is $1,655.08. 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 issued its quarterly earnings results 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 the consensus estimate of $2.99 billion. During the same period last year, the business posted $6.53 EPS. The business’s revenue was up 50.3% compared to the same quarter last year. On average, analysts expect that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.
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 paid a dividend of $0.90 per share. This is an increase 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 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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