Ifrah Financial Services Inc. Has $873,000 Position in Comfort Systems USA, Inc. $FIX

Ifrah Financial Services Inc. lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,629 shares of the construction company’s stock after selling 182 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Comfort Systems USA were worth $873,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock worth $1,225,673,000 after purchasing an additional 21,847 shares during the period. Westfield Capital Management Co. LP raised its position in Comfort Systems USA by 0.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock valued at $286,757,000 after buying an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp raised its position in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after buying an additional 832,999 shares during the last quarter. AQR Capital Management LLC raised its position in Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after buying an additional 273,453 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Comfort Systems USA by 36.4% in the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after buying an additional 138,541 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 1.4%

FIX stock opened at $827.02 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $761.23 and a two-hundred day moving average price of $580.14. The company has a market cap of $29.18 billion, a price-to-earnings ratio of 42.50 and a beta of 1.58. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $861.77.

Comfort Systems USA (NYSE:FIXGet Free Report) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction that occurred on 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 of the company’s stock, valued at $32,879,799.80. This represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock worth $18,710,798 in the last three months. 1.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $735.80.

Get Our Latest Stock Analysis on Comfort Systems USA

Comfort Systems USA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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