1,204 Shares in Comfort Systems USA, Inc. $FIX Acquired by First Financial Bank Trust Division

First Financial Bank Trust Division purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,204 shares of the construction company’s stock, valued at approximately $2,386,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at $28,000. CENTRAL TRUST Co acquired a new position in shares of Comfort Systems USA during the 1st quarter worth $46,000. Ascentis Independent Advisors bought a new stake in shares of Comfort Systems USA during the 1st quarter worth $46,000. Brown Lisle Cummings Inc. bought a new stake in shares of Comfort Systems USA during the 1st quarter worth $47,000. Finally, Hollencrest Capital Management acquired a new stake in Comfort Systems USA in the first quarter valued at about $48,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. UBS Group lifted their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a report on Monday, July 27th. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. Finally, Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and an average price target of $2,057.86.

Insider Buying and Selling at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,665 shares of company stock valued at $34,366,397 in the last quarter. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,775.51 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The stock has a market cap of $62.49 billion, a PE ratio of 43.67 and a beta of 1.66. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The business has a 50-day simple moving average of $1,816.88 and a two-hundred day simple moving average of $1,599.96.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period last year, the firm posted $6.53 earnings per share. Analysts anticipate that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

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.