Comfort Systems USA, Inc. $FIX Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,358 shares of the construction company’s stock after buying an additional 556 shares during the quarter. Comfort Systems USA comprises 3.2% of Navellier & Associates Inc.’s investment portfolio, making the stock its 4th biggest holding. Navellier & Associates Inc. owned about 0.06% of Comfort Systems USA worth $40,349,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Field & Main Bank purchased a new stake in Comfort Systems USA in the second quarter valued at approximately $32,000. Prosperitas Financial LLC purchased a new position in shares of Comfort Systems USA during the second quarter worth approximately $11,419,000. Wellington Management Group LLP grew its position in shares of Comfort Systems USA by 447.6% during the second quarter. Wellington Management Group LLP now owns 104,995 shares of the construction company’s stock worth $208,095,000 after acquiring an additional 85,821 shares during the last quarter. Archer Investment Corp acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $1,033,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $2,038,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on FIX. DA Davidson initiated coverage on shares of Comfort Systems USA in a research report on Friday, August 21st. They issued a “buy” rating and a $2,100.00 price target for the company. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a research note on Thursday, August 20th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One research 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’s stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Stock Down 6.0%

FIX stock opened at $1,518.08 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $1,747.26 and its 200 day moving average price is $1,669.40. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The company has a market cap of $53.42 billion, a P/E ratio of 37.34 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its quarterly 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 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 company’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period last year, the firm earned $6.53 EPS. On average, research analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

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.