Neumeier Poma Investment Counsel LLC Buys New Position in Comfort Systems USA, Inc. $FIX

Neumeier Poma Investment Counsel LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,356 shares of the construction company’s stock, valued at approximately $14,579,224.

Several other hedge funds have also added to or reduced their stakes in the company. Solstein Capital LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $166,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $985,000. Globeflex Capital L P purchased a new position in shares of Comfort Systems USA in the second quarter valued at about $8,505,000. Benchmark Investment Advisors LLC bought a new position in Comfort Systems USA during the second quarter valued at $5,871,000. Finally, Bank of Nova Scotia bought a new position in Comfort Systems USA in the second quarter worth about $13,725,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 5.5%

Shares of FIX traded down $88.90 during mid-day trading on Friday, hitting $1,526.08. The company’s stock had a trading volume of 201,376 shares, compared to its average volume of 449,379. The company’s 50-day moving average is $1,756.32 and its 200-day moving average is $1,670.47. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $53.71 billion, a price-to-earnings ratio of 37.53 and a beta of 1.69. Comfort Systems USA, Inc. has a 52-week low of $670.19 and a 52-week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the business posted $6.53 EPS. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

Analyst Ratings Changes

A number of equities analysts recently commented on FIX shares. UBS Group set a $2,100.00 target price on Comfort Systems USA in a report on Thursday, August 20th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2,082.86.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. The trade was a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Company Profile

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.