Sanctuary Advisors LLC Purchases New Stake in Comfort Systems USA, Inc. $FIX

Sanctuary Advisors LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,855 shares of the construction company’s stock, valued at approximately $9,622,000.

A number of other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares during the last quarter. Focus Partners Wealth increased its holdings in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC raised its position in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after purchasing an additional 313 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Comfort Systems USA in the 2nd quarter worth approximately $567,000. Finally, Sei Investments Co. lifted its holdings in Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after buying an additional 17,839 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William George III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,096 shares of company stock worth $31,186,647 in the last three months. 1.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FIX has been the topic of several research analyst reports. DA Davidson initiated coverage on Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $2,100.00 target price on the stock. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a report on Monday, July 27th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Finally, Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Trading Down 2.9%

FIX opened at $1,607.66 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The stock has a market cap of $56.57 billion, a PE ratio of 39.54 and a beta of 1.69. The business has a 50 day moving average of $1,776.76 and a 200-day moving average of $1,661.26.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 50.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.53 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Comfort Systems USA 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.