Waratah Capital Advisors Ltd. Increases Position in Comfort Systems USA, Inc. $FIX

Waratah Capital Advisors Ltd. lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 920.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,203 shares of the construction company’s stock after purchasing an additional 39,871 shares during the quarter. Comfort Systems USA comprises about 0.6% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 21st biggest position. Waratah Capital Advisors Ltd. owned about 0.13% of Comfort Systems USA worth $23,702,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC grew its position in Comfort Systems USA by 22.0% during the second quarter. Kingsview Wealth Management LLC now owns 1,355 shares of the construction company’s stock valued at $727,000 after acquiring an additional 244 shares during the period. Hedeker Wealth LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $3,890,000. Cetera Investment Advisers boosted its holdings in Comfort Systems USA by 37.4% in the 2nd quarter. Cetera Investment Advisers now owns 14,808 shares of the construction company’s stock worth $7,940,000 after acquiring an additional 4,028 shares during the period. Creative Planning increased its stake in Comfort Systems USA by 15.7% during the 2nd quarter. Creative Planning now owns 17,422 shares of the construction company’s stock worth $9,342,000 after buying an additional 2,365 shares during the period. Finally, Capco Asset Management LLC acquired a new position in Comfort Systems USA in the 2nd quarter worth $78,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William J. Sandbrook sold 800 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the transaction, the director directly owned 11,666 shares of the company’s stock, valued at $8,557,710.96. This represents a 6.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the sale, the director directly owned 82,901 shares in the company, valued at $83,454,778.68. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,078 shares of company stock valued at $15,242,037 in the last ninety days. Insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several recent analyst reports. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. UBS Group raised their price objective on 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. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research note on Friday, October 24th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, DA Davidson set a $810.00 price objective on shares of 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 issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and a consensus price target of $819.20.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $907.29 on Friday. The stock has a market capitalization of $32.00 billion, a P/E ratio of 38.41 and a beta of 1.55. The firm’s 50-day moving average price is $855.06 and its two-hundred day moving average price is $665.64. 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 quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be issued a $0.60 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA’s dividend payout ratio is 10.16%.

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.