Quantbot Technologies LP Makes New Investment in Comfort Systems USA, Inc. $FIX

Quantbot Technologies LP bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,067 shares of the construction company’s stock, valued at approximately $2,115,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth $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 buying an additional 7 shares during the period. Kilter Group LLC purchased a new stake in Comfort Systems USA in the 2nd quarter valued at about $48,000. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA in the fourth quarter valued at about $28,000. Finally, CENTRAL TRUST Co acquired a new position in Comfort Systems USA in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In related news, CFO William George III sold 2,554 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were 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 trade represents a 15.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 17,096 shares of company stock worth $31,186,647. 1.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FIX shares. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research report on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. DA Davidson initiated coverage on shares of Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $2,100.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. Finally, Oppenheimer began coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Stock Down 2.9%

Shares of NYSE FIX opened at $1,607.66 on Tuesday. The stock has a market cap of $56.57 billion, a P/E ratio of 39.54 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $670.19 and a 12-month high of $2,073.99. The business’s fifty day simple moving average is $1,776.76 and its 200-day simple moving average is $1,661.26.

Comfort Systems USA (NYSE:FIX) last released its 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. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business posted $6.53 earnings per share. Comfort Systems USA’s revenue was up 50.3% compared to the same quarter last year. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is 8.85%.

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.