Corient Private Wealth LP Acquires Shares of 5,146 Comfort Systems USA, Inc. $FIX

Corient Private Wealth LP bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,146 shares of the construction company’s stock, valued at approximately $10,165,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signature Equity Partners LLC boosted its position in shares of Comfort Systems USA by 16.7% in the 1st 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 last quarter. Coston McIsaac & Partners boosted its holdings in Comfort Systems USA by 3.0% during the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after buying an additional 7 shares during the last quarter. Petra Financial Advisors Inc. boosted its holdings in Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after buying an additional 7 shares during the last quarter. 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 buying an additional 7 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after buying an additional 8 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 6.0%

FIX opened at $1,518.08 on Friday. The stock has a market capitalization of $53.42 billion, a P/E ratio of 37.34 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12 month low of $670.19 and a 12 month high of $2,073.99. The firm’s fifty day simple moving average is $1,747.26 and its 200 day simple moving average is $1,669.40.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $6.53 EPS. The company’s revenue was up 50.3% on a year-over-year basis. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This is an increase 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%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s payout ratio is currently 8.85%.

Analyst Ratings Changes

A number of analysts recently weighed in on FIX shares. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a report on Monday, July 27th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, DA Davidson began coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They issued a “buy” rating and a $2,100.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $2,082.86.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of Comfort Systems USA 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 value 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. This trade represents a 7.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the business’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 completion of the sale, the director owned 62,115 shares in the company, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,778 shares of company stock valued at $56,306,777 over the last three months. Company insiders own 1.24% of the company’s stock.

About Comfort Systems USA

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.