Quadcap Wealth Management LLC Makes New Investment in Comfort Systems USA, Inc. $FIX

Quadcap Wealth Management LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, HoldingsChannel reports. The institutional investor acquired 341 shares of the construction company’s stock, valued at approximately $470,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after buying an additional 625,567 shares in the last quarter. Norges Bank purchased a new stake in Comfort Systems USA in the 4th quarter worth $469,606,000. State Street Corp increased its stake in Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after buying an additional 375,118 shares in the last quarter. Geode Capital Management LLC raised its holdings in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after acquiring an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after acquiring an additional 309,217 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 0.3%

Shares of FIX stock opened at $1,728.50 on Tuesday. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $1,833.30 and its 200-day moving average price is $1,577.34. The stock has a market capitalization of $60.83 billion, a price-to-earnings ratio of 42.51 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the company earned $6.53 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is currently 7.87%.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. UBS Group boosted their price target on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. KeyCorp increased their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,057.86.

Insider Activity

In related news, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is owned by corporate insiders.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.