Cim LLC Buys 2,945 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Cim LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 118.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,434 shares of the construction company’s stock after purchasing an additional 2,945 shares during the quarter. Cim LLC’s holdings in Comfort Systems USA were worth $1,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter worth about $41,000. Rise Advisors LLC purchased a new position in shares of Comfort Systems USA during the first quarter valued at approximately $44,000. Headlands Technologies LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $65,000. National Bank of Canada FI grew its stake in shares of Comfort Systems USA by 236.5% in the 2nd quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after buying an additional 149 shares during the last quarter. Finally, CWM LLC raised its stake in Comfort Systems USA by 60.3% during the second quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after buying an additional 82 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

Comfort Systems USA Stock Performance

Shares of FIX opened at $389.58 on Wednesday. The business has a fifty day moving average of $337.22 and a 200 day moving average of $323.96. Comfort Systems USA, Inc. has a one year low of $151.89 and a one year high of $403.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97. The firm has a market capitalization of $13.92 billion, a P/E ratio of 38.57 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. Comfort Systems USA’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period last year, the firm earned $1.93 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO William George III sold 5,845 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The disclosure for this sale can be found here. Insiders sold 24,391 shares of company stock worth $8,076,855 in the last three months. 1.80% of the stock is owned by company insiders.

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.