SIR Capital Management L.P. Takes Position in Comfort Systems USA, Inc. $FIX

SIR Capital Management L.P. purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,394 shares of the construction company’s stock, valued at approximately $8,709,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in Comfort Systems USA during the second quarter valued at $26,000. Avalon Trust Co purchased a new stake in shares of Comfort Systems USA in the second quarter worth $32,000. Carolina Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares in the last quarter. Kilter Group LLC bought a new position in shares of Comfort Systems USA during the second quarter valued at $48,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter worth about $28,000. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIX. KeyCorp upped their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a research note on Thursday. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Trading Down 2.9%

Comfort Systems USA stock opened at $1,607.66 on Tuesday. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The business’s fifty day moving average is $1,776.76 and its 200 day moving average is $1,661.26. The stock has a market capitalization of $56.57 billion, a PE ratio of 39.54 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its 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 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 revenue was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.53 EPS. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a $0.90 dividend. This is a boost 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%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Insider Activity

In related news, CFO William George III sold 2,554 shares of the 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 transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,096 shares of company stock valued at $31,186,647 over the last three months. Insiders own 1.24% of the company’s stock.

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.