Proficio Capital Partners LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 309.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,479 shares of the construction company’s stock after purchasing an additional 1,118 shares during the quarter. Proficio Capital Partners LLC’s holdings in Comfort Systems USA were worth $2,931,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JNBA Financial Advisors acquired a new position in Comfort Systems USA in the 2nd quarter valued at $42,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of Comfort Systems USA in the 2nd quarter worth $281,000. Moore Capital Management LP boosted its holdings in Comfort Systems USA by 52.4% in the 2nd quarter. Moore Capital Management LP now owns 9,050 shares of the construction company’s stock valued at $17,937,000 after purchasing an additional 3,112 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $1,572,000. Finally, Flputnam Investment Management Co. acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth $220,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William George III sold 2,554 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,778 shares of company stock valued at $56,306,777 over the last quarter. Company insiders own 1.24% of the company’s stock.
Comfort Systems USA Price Performance
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued 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 business had revenue of $3.27 billion during 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%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.53 earnings per share. Research analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is currently 8.85%.
Wall Street Analyst Weigh In
FIX has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target for the company. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a report on Thursday, August 20th. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and a consensus target price of $2,082.86.
Get Our Latest Report on Comfort Systems USA
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.
Featured Stories
- Five stocks we like better than Comfort Systems USA
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX – Free Report).
Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.
