Globeflex Capital L P bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the 2nd quarter, Holdings Channel reports. The firm bought 4,291 shares of the construction company’s stock, valued at approximately $8,505,000. Comfort Systems USA makes up approximately 1.1% of Globeflex Capital L P’s portfolio, making the stock its 19th largest holding.
A number of other institutional investors have also recently bought and sold shares of FIX. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $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. acquired a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $33,000. Carolina Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after purchasing an additional 7 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.
Insider Buying and Selling at Comfort Systems USA
In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the sale, the director owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares in the company, valued at $121,401,904.05. This represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,096 shares of company stock valued at $31,186,647. Corporate insiders own 1.24% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on FIX
Comfort Systems USA Stock Performance
NYSE:FIX opened at $1,658.28 on Monday. The company has a fifty day moving average of $1,783.64 and a 200-day moving average of $1,658.46. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99. 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 quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.53 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is 8.85%.
Comfort Systems USA 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.
Read More
- Five stocks we like better than Comfort Systems USA
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX – Free Report).
Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.
