Comfort Systems USA, Inc. $FIX Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 50.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,272 shares of the construction company’s stock after purchasing an additional 425 shares during the period. Cresset Asset Management LLC’s holdings in Comfort Systems USA were worth $410,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FIX. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at approximately $31,000. Versant Capital Management Inc raised its position in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after purchasing an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Colonial Trust Co SC increased its holdings in shares of Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after acquiring an additional 67 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the transaction, the chief accounting officer directly owned 16,023 shares of the company’s stock, valued at $11,288,203.50. The trade was a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,205 shares of company stock worth $20,932,366 over the last three months. Insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of research analyst reports. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. UBS Group boosted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a “buy” rating in a report on Friday, July 25th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Stifel Nicolaus boosted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $635.60.

Comfort Systems USA Stock Down 0.7%

FIX stock opened at $689.2620 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $733.24. The firm’s 50-day simple moving average is $598.23 and its 200 day simple moving average is $466.92. The stock has a market cap of $24.32 billion, a PE ratio of 35.42 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.74 EPS. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.28%.

Comfort Systems USA Company 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.