MGO One Seven LLC Acquires 484 Shares of Comfort Systems USA, Inc. $FIX

MGO One Seven LLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 49.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,472 shares of the construction company’s stock after purchasing an additional 484 shares during the quarter. MGO One Seven LLC’s holdings in Comfort Systems USA were worth $789,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $27,000. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after acquiring an additional 83 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FIX. DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. UBS Group boosted their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a report on Monday, September 15th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, William Blair initiated coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $735.80.

Comfort Systems USA Stock Up 0.0%

FIX opened at $837.51 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The company’s 50-day moving average is $758.54 and its 200 day moving average is $576.71. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $861.77. The firm has a market capitalization of $29.55 billion, a P/E ratio of 43.04 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $713.90 million for the quarter. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a $0.50 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA’s payout ratio is presently 10.28%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director owned 6,500 shares of the company’s stock, valued at approximately $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.