NorthRock Partners LLC Takes Position in Comfort Systems USA, Inc. $FIX

NorthRock Partners LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 565 shares of the construction company’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIX. Jones Financial Companies Lllp grew its position in shares of Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after purchasing an additional 832,999 shares during the period. AQR Capital Management LLC grew its position in Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after acquiring an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock valued at $103,085,000 after acquiring an additional 239,692 shares during the period. Nuveen LLC purchased a new stake in Comfort Systems USA during the first quarter valued at about $74,634,000. Finally, Millennium Management LLC grew its position in Comfort Systems USA by 91.0% during the first quarter. Millennium Management LLC now owns 317,852 shares of the construction company’s stock valued at $102,453,000 after acquiring an additional 151,447 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 0.0%

Shares of FIX opened at $837.51 on Friday. The stock’s 50-day moving average is $758.54 and its two-hundred day moving average is $576.71. The stock has a market cap of $29.55 billion, a PE ratio of 43.04 and a beta of 1.58. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $861.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

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

Comfort Systems USA Increases Dividend

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

Insiders Place Their Bets

In related news, CFO William George III sold 8,436 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares in the company, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. Insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a research report on Monday. William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group boosted their price target on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $735.80.

About Comfort Systems USA

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.