Fidelis Capital Partners LLC Makes New Investment in Comfort Systems USA, Inc. $FIX

Fidelis Capital Partners LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 345 shares of the construction company’s stock, valued at approximately $185,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC lifted its stake in shares of Comfort Systems USA by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 1,559 shares of the construction company’s stock valued at $836,000 after purchasing an additional 47 shares during the period. Lisanti Capital Growth LLC bought a new position in Comfort Systems USA in the second quarter worth $507,000. PFG Advisors lifted its position in Comfort Systems USA by 124.3% during the second quarter. PFG Advisors now owns 1,498 shares of the construction company’s stock valued at $803,000 after buying an additional 830 shares during the period. Los Angeles Capital Management LLC lifted its position in Comfort Systems USA by 1.4% during the second quarter. Los Angeles Capital Management LLC now owns 8,332 shares of the construction company’s stock valued at $4,468,000 after buying an additional 113 shares during the period. Finally, True Wealth Design LLC boosted its holdings in shares of Comfort Systems USA by 41.0% during the 2nd quarter. True Wealth Design LLC now owns 385 shares of the construction company’s stock valued at $206,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a research report on Friday, October 24th. UBS Group raised their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, DA Davidson set a $810.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $819.20.

Comfort Systems USA Stock Down 2.1%

Comfort Systems USA stock opened at $954.05 on Wednesday. The firm has a market cap of $33.65 billion, a price-to-earnings ratio of 40.39 and a beta of 1.55. The stock has a fifty day simple moving average of $842.13 and a two-hundred day simple moving average of $656.34. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,020.26. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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 company had revenue of $713.90 million for the quarter. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.3%. 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. Comfort Systems USA’s payout ratio is 10.16%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the sale, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the sale, the director owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 16,078 shares of company stock valued at $15,242,037. Company insiders own 1.59% of the company’s stock.

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.