Comfort Systems USA, Inc. $FIX Shares Acquired by Consolidated Planning Corp

Consolidated Planning Corp lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 12.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,219 shares of the construction company’s stock after buying an additional 807 shares during the period. Consolidated Planning Corp’s holdings in Comfort Systems USA were worth $3,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tradewinds Capital Management LLC lifted its stake in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after buying an additional 27 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Comfort Systems USA during the first quarter worth $31,000. Versant Capital Management Inc lifted its stake in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after buying an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake 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 buying an additional 37 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research reports. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. UBS Group raised their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $668.60.

Comfort Systems USA Stock Up 1.2%

FIX opened at $834.93 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $843.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The company has a fifty day moving average of $725.96 and a two-hundred day moving average of $540.10. The stock has a market capitalization of $29.46 billion, a price-to-earnings ratio of 42.90 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the company earned $3.74 earnings per share. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the sale, the insider owned 188,046 shares of the company’s stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 8,436 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the sale, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock valued at $18,710,798 in the last ninety days. Company insiders own 1.59% of the company’s stock.

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.