Moore Capital Management LP Increases Holdings in Comfort Systems USA, Inc. $FIX

Moore Capital Management LP increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 52.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,050 shares of the construction company’s stock after buying an additional 3,112 shares during the quarter. Moore Capital Management LP’s holdings in Comfort Systems USA were worth $17,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of FIX. BlackRock Inc. bought a new position in Comfort Systems USA during the second quarter valued at approximately $6,734,037,000. State Street Corp lifted its holdings in shares of Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after acquiring an additional 375,118 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Comfort Systems USA by 22.1% during the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after purchasing an additional 184,362 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. The trade was a 9.95% 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 4,000 shares of the stock in a transaction that occurred 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 approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 32,778 shares of company stock valued at $56,306,777. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 0.0%

Comfort Systems USA stock opened at $1,518.08 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 market capitalization of $53.42 billion, a price-to-earnings ratio of 37.34 and a beta of 1.69. The business’s fifty day simple moving average is $1,747.26 and its two-hundred day simple moving average is $1,672.11. 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 (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company posted $6.53 earnings per share. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is 8.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FIX shares. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Oppenheimer assumed coverage on Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $2,082.86.

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.