Regal Partners Ltd Buys Shares of 700 Comfort Systems USA, Inc. $FIX

Regal Partners Ltd bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 700 shares of the construction company’s stock, valued at approximately $375,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the second quarter valued at about $27,000. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA during the first quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. grew its stake 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 worth $34,000 after acquiring an additional 37 shares during the last quarter. Brooklyn Investment Group grew its stake 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 worth $37,000 after acquiring an additional 83 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Comfort Systems USA during the first quarter worth about $50,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares of the company’s stock, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Herman E. Bulls sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the transaction, the director directly owned 30,574 shares of the company’s stock, valued at $30,990,417.88. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,883 shares of company stock valued at $25,131,791 in the last three months. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research analyst reports. Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a research note on Friday, October 24th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $819.20.

Comfort Systems USA Trading Up 0.2%

Comfort Systems USA stock opened at $965.68 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The company has a market capitalization of $34.06 billion, a price-to-earnings ratio of 40.88 and a beta of 1.58. The stock has a 50-day moving average price of $805.89 and a 200 day moving average price of $624.38.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million during the quarter. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 8.47%.

Comfort Systems USA Company 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.