Caisse de depot et placement du Quebec purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 123,032 shares of the construction company’s stock, valued at approximately $243,843,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in FIX. NewEdge Advisors LLC grew its holdings in shares of Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after acquiring an additional 993 shares during the period. Focus Partners Wealth lifted its holdings in shares of Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after buying an additional 1,208 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Comfort Systems USA during the second quarter valued at about $567,000. Finally, Sei Investments Co. increased its stake in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after purchasing an additional 17,839 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.
Insider Activity at Comfort Systems USA
In related news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 2,554 shares of the business’s stock in a transaction 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 sale, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,754 shares of company stock valued at $30,536,820. Company insiders own 1.24% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on FIX
Comfort Systems USA Trading Up 3.6%
Shares of NYSE:FIX opened at $1,618.93 on Thursday. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a market cap of $56.97 billion, a PE ratio of 39.82 and a beta of 1.69. The company’s 50 day moving average is $1,763.42 and its two-hundred day moving average is $1,667.74.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the business earned $6.53 earnings per share. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were paid a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 8.85%.
About Comfort Systems USA
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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