Caitlin John LLC Purchases New Shares in Comfort Systems USA, Inc. $FIX

Caitlin John LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, Holdings Channel.com reports. The fund purchased 648 shares of the construction company’s stock, valued at approximately $1,284,000. Comfort Systems USA makes up about 0.7% of Caitlin John LLC’s holdings, making the stock its 23rd biggest holding.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth $6,734,037,000. State Street Corp boosted its holdings 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 worth $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Invesco Ltd. grew its position in Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after purchasing an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Comfort Systems USA by 22.1% in the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after buying an additional 184,362 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated 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 completion of the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares in the company, valued at $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is owned by insiders.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,616.34 on Friday. Comfort Systems USA, Inc. has a 12 month low of $670.19 and a 12 month high of $2,073.99. 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 business’s 50 day simple moving average is $1,756.32 and its 200 day simple moving average is $1,670.47. The company has a market cap of $56.88 billion, a price-to-earnings ratio of 39.75 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company earned $6.53 earnings per share. Comfort Systems USA’s revenue was up 50.3% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current 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 paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was 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 is currently 8.85%.

Analyst Upgrades and Downgrades

Several research firms have commented on FIX. 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 target price on the stock. Oppenheimer began coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. UBS Group set a $2,100.00 price target on Comfort Systems USA in a report on Thursday, August 20th. DA Davidson initiated coverage on 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. Finally, Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $2,082.86.

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.