TFR Capital LLC. Takes $3.19 Million Position in Comfort Systems USA, Inc. $FIX

TFR Capital LLC. acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,607 shares of the construction company’s stock, valued at approximately $3,185,000.

Several other large investors also recently bought and sold shares of the business. Bridgewater Advisors Inc. bought a new stake in Comfort Systems USA in the 2nd quarter worth about $206,000. Phillips Financial Management LLC bought a new position in Comfort Systems USA during the 2nd quarter valued at about $212,000. Summit Global Investments purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $1,013,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $3,615,000. Finally, Mill Capital Management LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $268,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. KeyCorp lifted their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, UBS Group boosted their target price on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Trading Up 2.7%

Shares of NYSE:FIX opened at $1,774.19 on Friday. The stock has a market capitalization of $62.44 billion, a price-to-earnings ratio of 43.63 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The stock’s 50-day simple moving average is $1,793.06 and its two-hundred day simple moving average is $1,634.99. Comfort Systems USA, Inc. has a 52-week low of $655.96 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.99 billion. During the same period in the previous year, the company posted $6.53 EPS. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. Analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current 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. The ex-dividend date of this dividend is 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 payout ratio is 8.85%.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. This trade represents a 32.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were 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 of the company’s stock, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,542 shares of company stock valued at $26,437,101 over the last 90 days. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA 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.