Strategic Global Advisors LLC Takes Position in Comfort Systems USA, Inc. $FIX

Strategic Global Advisors LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 3,400 shares of the construction company’s stock, valued at approximately $6,739,000. Comfort Systems USA comprises approximately 1.0% of Strategic Global Advisors LLC’s holdings, making the stock its 29th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Comfort Systems USA during the second quarter worth $26,000. Avalon Trust Co acquired a new stake in Comfort Systems USA in the second quarter valued at $32,000. Carolina Wealth Advisors LLC grew its holdings in Comfort Systems USA by 63.6% in the second 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 last quarter. Kilter Group LLC acquired a new stake in Comfort Systems USA in the second quarter valued at $48,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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 objective on the stock. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $2,082.86.

Insider Buying and Selling

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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Franklin Myers sold 6,700 shares of the firm’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 transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,754 shares of company stock valued at $30,536,820. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 3.6%

Shares of NYSE:FIX opened at $1,618.93 on Thursday. 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, Inc. has a 52-week low of $670.19 and a 52-week high of $2,073.99. The stock’s fifty day simple moving average is $1,763.42 and its 200-day simple moving average is $1,667.74. The company has a market capitalization of $56.97 billion, a P/E ratio of 39.82 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The firm 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 firm’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.53 EPS. As a group, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s payout ratio is presently 8.85%.

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.