Balboa Wealth Partners Purchases New Shares in Comfort Systems USA, Inc. $FIX

Balboa Wealth Partners purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, HoldingsChannel reports. The fund purchased 588 shares of the construction company’s stock, valued at approximately $315,000.

A number of other hedge funds also recently bought and sold shares of the business. Mezzasalma Advisors LLC raised its stake in Comfort Systems USA by 23.5% during the second quarter. Mezzasalma Advisors LLC now owns 884 shares of the construction company’s stock valued at $474,000 after purchasing an additional 168 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Comfort Systems USA by 30.1% in the second quarter. Chicago Partners Investment Group LLC now owns 639 shares of the construction company’s stock valued at $350,000 after acquiring an additional 148 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $4,677,000. Cannon Global Investment Management LLC purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $536,000. Finally, Tradewinds Capital Management LLC raised its stake in shares of Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 0.9%

NYSE FIX opened at $835.55 on Tuesday. The company’s 50-day moving average price is $764.08 and its 200-day moving average price is $587.46. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market cap of $29.48 billion, a PE ratio of 42.94 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.

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

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer owned 16,023 shares in the company, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock worth $18,710,798 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FIX shares. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a research note on Monday, October 13th. William Blair started coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. UBS Group increased their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price 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.