GSA Capital Partners LLP Purchases Shares of 1,444 Comfort Systems USA, Inc. $FIX

GSA Capital Partners LLP acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,444 shares of the construction company’s stock, valued at approximately $2,862,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Avalon Trust Co bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $32,000. Carolina Wealth Advisors LLC raised its holdings in Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the period. Core Wealth Advisors LLC bought a new position in Comfort Systems USA in the 4th quarter valued at about $28,000. CENTRAL TRUST Co acquired a new stake in Comfort Systems USA during the first quarter worth approximately $46,000. Finally, Ascentis Independent Advisors acquired a new stake in Comfort Systems USA during the first quarter worth approximately $46,000. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research report on Monday, July 27th. Glj Research assumed coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. KeyCorp increased their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $2,057.86.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,774.19 on Friday. 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 $1,793.06 and its two-hundred day moving average price is $1,634.99. The firm has a market cap of $62.43 billion, a PE ratio of 43.63 and a beta of 1.69. 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 (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during 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%. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.53 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is presently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction 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 sale, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,542 shares of company stock valued at $26,437,101 over the last ninety days. 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.