Comfort Systems USA, Inc. $FIX Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 27.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,008 shares of the construction company’s stock after acquiring an additional 219 shares during the period. GAMMA Investing LLC’s holdings in Comfort Systems USA were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock valued at $1,225,673,000 after purchasing an additional 21,847 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in Comfort Systems USA by 0.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock valued at $286,757,000 after purchasing an additional 4,512 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after purchasing an additional 832,999 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after purchasing an additional 273,453 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Comfort Systems USA by 36.4% in the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after purchasing an additional 138,541 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 1.3%

Shares of FIX opened at $780.89 on Friday. The stock has a fifty day moving average of $704.12 and a two-hundred day moving average of $526.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The company has a market capitalization of $27.55 billion, a PE ratio of 40.13 and a beta of 1.54. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $825.00.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, August 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is currently 10.28%.

Insider Buying and Selling

In other news, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director owned 6,500 shares of the company’s stock, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 8,436 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock worth $18,710,798 over the last quarter. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. UBS Group boosted their price target on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. William Blair began coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $668.60.

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.