Transamerica Financial Advisors LLC Acquires Shares of 5,372 Comfort Systems USA, Inc. $FIX

Transamerica Financial Advisors LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, Holdings Channel reports. The firm acquired 5,372 shares of the construction company’s stock, valued at approximately $10,647,000. Comfort Systems USA makes up 0.9% of Transamerica Financial Advisors LLC’s holdings, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIX. Jones Financial Companies Lllp acquired a new position in shares of Comfort Systems USA in the second quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA in the 4th quarter worth about $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $32,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the 4th quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. KeyCorp raised 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 report on Monday, July 27th. Oppenheimer started coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research report 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Stock Up 3.6%

Shares of FIX opened at $1,618.93 on Thursday. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The company has a market cap of $56.97 billion, a P/E ratio of 39.82 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. The firm has a 50 day simple moving average of $1,763.42 and a two-hundred day simple moving average of $1,667.74.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during 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 company’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the company earned $6.53 earnings per share. Research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS 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. Investors of record on Thursday, August 13th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The stock was 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 owned 30,250 shares in the company, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 16,754 shares of company stock valued at $30,536,820. 1.24% of the stock is owned by corporate 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.