Focus Partners Advisor Solutions LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) during the second quarter, HoldingsChannel reports. The fund bought 4,624 shares of the construction company’s stock, valued at approximately $9,166,000.
Other institutional investors also recently modified their holdings of the company. Signature Equity Partners LLC lifted its stake in shares of Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after acquiring an additional 5 shares during the last quarter. Coston McIsaac & Partners grew its position in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after acquiring an additional 7 shares during the last quarter. Petra Financial Advisors Inc. grew its position in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after acquiring an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC increased 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 worth $36,000 after purchasing an additional 7 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Comfort Systems USA by 1.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after purchasing an additional 8 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Comfort Systems USA Stock Performance
NYSE FIX opened at $1,774.19 on Friday. The company has a market capitalization of $62.43 billion, a price-to-earnings ratio of 43.63 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, Inc. has a twelve month low of $655.96 and a twelve month high of $2,073.99. The stock has a fifty day simple moving average of $1,793.06 and a 200 day simple moving average of $1,634.99.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. 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 is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.
Insider Transactions at Comfort Systems USA
In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,542 shares of company stock valued at $26,437,101 over the last 90 days. 1.24% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have commented on FIX shares. Glj Research started coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a report on Monday, July 27th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, KeyCorp lifted their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2,057.86.
Read Our Latest Report on Comfort Systems USA
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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