Cibc World Market Inc. Purchases Shares of 38,022 Comfort Systems USA, Inc. $FIX

Cibc World Market Inc. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,022 shares of the construction company’s stock, valued at approximately $75,358,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FIX. NewEdge Advisors LLC raised its position in shares of Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth boosted its position in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after purchasing an additional 313 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $567,000. Finally, Sei Investments Co. increased its stake in Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after purchasing an additional 17,839 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In other news, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares in the company, valued at $121,401,904.05. This represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 2,554 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,096 shares of company stock worth $31,186,647 in the last 90 days. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,658.28 on Monday. 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 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 $58.35 billion, a PE ratio of 40.78 and a beta of 1.69. The business has a fifty day simple moving average of $1,783.64 and a 200-day simple moving average of $1,658.46.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate 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%.Comfort Systems USA’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.53 earnings per share. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on FIX shares. KeyCorp boosted their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Weiss Ratings reiterated 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. DA Davidson started coverage on shares of Comfort Systems USA in a report on Friday. They set a “buy” rating and a $2,100.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $2,082.86.

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.