NEOS Investment Management LLC Has $11.01 Million Position in Comfort Systems USA, Inc. $FIX

NEOS Investment Management LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 16.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,555 shares of the construction company’s stock after acquiring an additional 773 shares during the period. NEOS Investment Management LLC’s holdings in Comfort Systems USA were worth $11,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FIX. BlackRock Inc. acquired a new position in shares of Comfort Systems USA in the second quarter worth approximately $6,734,037,000. Norges Bank acquired a new stake in Comfort Systems USA during the 4th quarter valued at approximately $469,606,000. State Street Corp raised its holdings in Comfort Systems USA by 35.6% during the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its holdings in Comfort Systems USA by 39.0% during the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Comfort Systems USA by 37,987.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after purchasing an additional 309,217 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In other news, CFO William George, III sold 2,554 shares of the stock in a transaction dated 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 of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Lane sold 16,024 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 32,778 shares of company stock worth $56,306,777. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,611.87 on Friday. The firm has a 50 day moving average of $1,708.39 and a 200-day moving average of $1,678.66. The company has a market cap of $56.72 billion, a price-to-earnings ratio of 39.64 and a beta of 1.67. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 52 week low of $682.00 and a 52 week high of $2,073.99.

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, beating analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.53 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued 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 was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Analysts Set New Price Targets

A number of research firms have recently commented on FIX. KeyCorp upped their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. DA Davidson initiated 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. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Finally, Oppenheimer started coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective 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, the company presently has an average rating of “Buy” and a consensus target price of $2,082.86.

Comfort Systems USA Company 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.