Meeder Asset Management Inc. Takes Position in Comfort Systems USA, Inc. $FIX

Meeder Asset Management Inc. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,057 shares of the construction company’s stock, valued at approximately $10,023,000.

Several other hedge funds have also recently bought and sold shares of the business. Avalon Trust Co acquired a new stake in Comfort Systems USA during the 2nd quarter worth about $32,000. Carolina Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 7 shares during the period. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $28,000. CENTRAL TRUST Co purchased a new stake in shares of Comfort Systems USA in the first quarter worth approximately $46,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Comfort Systems USA in the first quarter worth approximately $46,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 6.0%

Comfort Systems USA stock opened at $1,879.96 on Tuesday. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The company’s fifty day moving average price is $1,793.64 and its two-hundred day moving average price is $1,643.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market capitalization of $66.16 billion, a price-to-earnings ratio of 46.24 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last announced its quarterly 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. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.53 earnings per share. On average, analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a $0.90 dividend. 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. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

Insider Buying and Selling

In related news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value 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. The trade was a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 6,700 shares of the company’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 sale, the director directly 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 sold a total of 14,542 shares of company stock worth $26,437,101 over the last three months. 1.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group raised their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Glj Research started coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $2,057.86.

Comfort Systems USA 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.