OneDigital Investment Advisors LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,031 shares of the construction company’s stock, valued at approximately $2,044,000.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the period. State Street Corp boosted its position in shares of Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after acquiring an additional 375,118 shares during the period. Geode Capital Management LLC grew its stake in shares of Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after acquiring an additional 332,441 shares during the last quarter. Invesco Ltd. increased its position in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after acquiring an additional 73,727 shares during the period. Finally, AQR Capital Management LLC increased its position in Comfort Systems USA by 22.1% during the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock worth $951,883,000 after acquiring an additional 184,362 shares during the period. 96.51% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction 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 of the company’s stock, valued at $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,542 shares of company stock worth $26,437,101 over the last ninety days. Company insiders own 1.24% of the company’s stock.
Comfort Systems USA Trading Up 0.0%
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.53 EPS. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on FIX shares. Glj Research began coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. UBS Group boosted their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. Finally, Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $2,057.86.
Check Out Our Latest Stock Analysis on FIX
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.
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