Jupiter Topco LLC Takes $186.12 Million Position in Comfort Systems USA, Inc. $FIX

Jupiter Topco LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, Holdings Channel reports. The fund purchased 93,950 shares of the construction company’s stock, valued at approximately $186,122,000.

A number of other large investors have also modified their holdings of FIX. BlackRock Inc. acquired a new position in Comfort Systems USA during the 2nd quarter valued at about $6,734,037,000. Norges Bank acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $469,606,000. State Street Corp raised its holdings in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after buying an additional 309,217 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of recent analyst reports. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. UBS Group set a $2,100.00 price target on Comfort Systems USA in a research report on Thursday, August 20th. Oppenheimer began coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, KeyCorp lifted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Trading Up 3.6%

Comfort Systems USA stock opened at $1,618.93 on Thursday. Comfort Systems USA, Inc. has a 12-month low of $670.19 and a 12-month high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a market capitalization of $56.97 billion, a PE ratio of 39.82 and a beta of 1.69. The firm has a 50 day simple moving average of $1,763.42 and a 200-day simple moving average of $1,667.74.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion for 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 firm’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.53 earnings per share. As a group, equities research analysts expect 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 of this dividend was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO William George III sold 2,554 shares of the firm’s stock in a transaction dated 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 $56,254,412.50. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 16,754 shares of company stock valued at $30,536,820. Insiders own 1.24% of the company’s stock.

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.