Man Group plc Takes Position in Comfort Systems USA, Inc. $FIX

Man Group plc bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, Holdings Channel reports. The institutional investor bought 53,961 shares of the construction company’s stock, valued at approximately $106,948,000.

Several other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $28,000. Avalon Trust Co bought a new position in shares of Comfort Systems USA in the second quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Comfort Systems USA in the fourth quarter worth $33,000. Finally, Carolina Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after buying an additional 7 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research note 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. UBS Group set a $2,100.00 price target on shares of Comfort Systems USA in a report on Thursday, August 20th. KeyCorp raised their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $2,082.86.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,563.47 on Wednesday. The firm has a market cap of $55.02 billion, a P/E ratio of 38.45 and a beta of 1.69. The firm’s 50-day simple moving average is $1,769.68 and its 200-day simple moving average is $1,664.40. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.53 earnings per share. As a group, research analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,754 shares of company stock valued at $30,536,820 in the last 90 days. 1.24% of the stock is owned by corporate insiders.

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.