1,292 Shares in Comfort Systems USA, Inc. $FIX Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,292 shares of the construction company’s stock, valued at approximately $2,561,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at $6,734,037,000. Vanguard Group Inc. raised its position in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after buying an additional 625,567 shares in the last quarter. Norges Bank bought a new stake in Comfort Systems USA during the fourth quarter valued at $469,606,000. State Street Corp boosted its stake in Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the period. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research analyst reports. KeyCorp upped their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. Finally, 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 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Stock Up 6.0%

Shares of NYSE:FIX opened at $1,879.96 on Tuesday. Comfort Systems USA, Inc. has a 52-week low of $655.96 and a 52-week high of $2,073.99. The firm has a fifty day moving average of $1,793.64 and a 200 day moving average of $1,643.63. The firm has a market capitalization of $66.16 billion, a PE ratio of 46.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its 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 return on equity of 53.55% and a net margin of 12.77%.The business 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 firm earned $6.53 earnings per share. The firm’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 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In related news, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was 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 of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,542 shares of company stock worth $26,437,101 over the last quarter. Corporate insiders own 1.24% of the company’s stock.

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.