OMERS ADMINISTRATION Corp acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,674 shares of the construction company’s stock, valued at approximately $5,300,000.
Several other large investors have also recently added to or reduced their stakes in FIX. Avalon Trust Co acquired a new position in shares of Comfort Systems USA during the second quarter valued at $32,000. Carolina Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 7 shares during the period. Kilter Group LLC bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $48,000. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA in the 4th quarter valued at about $28,000. Finally, CENTRAL TRUST Co bought a new stake in Comfort Systems USA in the 1st quarter valued at about $46,000. 96.51% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO William George III sold 2,554 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% 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, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade 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 a total of 17,096 shares of company stock valued at $31,186,647 over the last quarter. Corporate insiders own 1.24% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Comfort Systems USA
Comfort Systems USA Stock Performance
Shares of FIX opened at $1,607.66 on Tuesday. The firm has a market capitalization of $56.57 billion, a PE ratio of 39.54 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. The firm has a 50-day moving average price of $1,776.76 and a 200 day moving average price of $1,661.26. Comfort Systems USA, Inc. has a 52-week low of $670.19 and a 52-week high of $2,073.99.
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 analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.53 EPS. On average, sell-side analysts anticipate 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 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 boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.
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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