Comfort Systems USA, Inc. $FIX Shares Purchased by Engle Capital Management L.P.

Engle Capital Management L.P. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 12.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,400 shares of the construction company’s stock after acquiring an additional 900 shares during the quarter. Comfort Systems USA makes up 3.9% of Engle Capital Management L.P.’s portfolio, making the stock its 9th largest holding. Engle Capital Management L.P.’s holdings in Comfort Systems USA were worth $11,584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FIX. NewEdge Advisors LLC increased its position in shares of Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth lifted its holdings in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Comfort Systems USA during the second quarter worth about $567,000. Finally, Sei Investments Co. grew its stake in Comfort Systems USA by 69.2% during the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after buying an additional 17,839 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp raised their price objective 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. The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Finally, Oppenheimer started coverage on Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,057.86.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 over the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 0.3%

Shares of NYSE:FIX opened at $1,728.50 on Tuesday. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99. The company’s 50-day moving average price is $1,833.30 and its two-hundred day moving average price is $1,577.34. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a market cap of $60.83 billion, a P/E ratio of 42.51 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced 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. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $6.53 earnings per share. The company’s revenue was up 50.3% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a $0.90 dividend. This is an increase 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 of this dividend is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is 7.87%.

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.