Comfort Systems USA, Inc. $FIX Stock Position Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 40.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,432 shares of the construction company’s stock after purchasing an additional 1,850 shares during the period. Janney Montgomery Scott LLC’s holdings in Comfort Systems USA were worth $3,449,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Venture Visionary Partners LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $3,081,000. Capital Insight Partners LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $2,151,000. Walker Asset Management LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $220,000. LVW Advisors LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $342,000. Finally, Signaturefd LLC raised its stake in Comfort Systems USA by 22.9% during the 2nd quarter. Signaturefd LLC now owns 499 shares of the construction company’s stock valued at $268,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $844.36 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $29.79 billion, a price-to-earnings ratio of 43.39 and a beta of 1.58. The stock’s fifty day simple moving average is $741.96 and its 200 day simple moving average is $556.54. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $852.31.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s payout ratio is presently 10.28%.

Analyst Ratings Changes

Several brokerages have weighed in on FIX. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research note on Monday, July 28th. 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, Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $668.60.

About Comfort Systems USA

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.