925 Shares in Comfort Systems USA, Inc. $FIX Purchased by IPG Investment Advisors LLC

IPG Investment Advisors LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 925 shares of the construction company’s stock, valued at approximately $1,833,000.

Several other institutional investors have also added to or reduced their stakes in FIX. Signature Equity Partners LLC boosted its position in Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after purchasing an additional 5 shares during the period. Capital Advisors Inc. OK raised its position in shares of Comfort Systems USA by 1.9% in the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock valued at $636,000 after purchasing an additional 6 shares during the period. Coston McIsaac & Partners lifted its stake in shares of Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after buying an additional 7 shares in the last quarter. Petra Financial Advisors Inc. lifted its stake in shares of Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after buying an additional 7 shares in the last quarter. Finally, Carolina Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after buying an additional 7 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William George, III sold 2,554 shares of Comfort Systems USA 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 transaction of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 32,778 shares of company stock worth $56,306,777. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 2.0%

Comfort Systems USA stock opened at $1,616.31 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a fifty-two week low of $721.87 and a fifty-two week high of $2,073.99. The stock has a market cap of $56.88 billion, a P/E ratio of 39.75 and a beta of 1.67. The firm’s fifty day moving average price is $1,690.07 and its 200-day moving average price is $1,686.99.

Comfort Systems USA (NYSE:FIX) last posted 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. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the business earned $6.53 earnings per share. The firm’s revenue was up 50.3% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 8.85%.

Wall Street Analyst Weigh In

FIX has been the subject of a number of recent research reports. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a research note on Thursday, August 20th. DA Davidson initiated coverage on Comfort Systems USA in a report on Friday, August 21st. They issued a “buy” rating and a $2,100.00 price target for the company. KeyCorp lifted their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Stifel Nicolaus set a $1,910.00 target price on 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $2,082.86.

About Comfort Systems USA

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.