Capco Asset Management LLC Invests $78,000 in Comfort Systems USA, Inc. $FIX

Capco Asset Management LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 145 shares of the construction company’s stock, valued at approximately $78,000. Comfort Systems USA comprises 0.0% of Capco Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Comfort Systems USA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock valued at $1,225,673,000 after purchasing an additional 21,847 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Comfort Systems USA by 0.5% during the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock worth $286,757,000 after buying an additional 4,512 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after acquiring an additional 832,999 shares during the period. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after acquiring an additional 3,032 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after acquiring an additional 273,453 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Northcoast Research cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, UBS Group raised their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $819.20.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $907.29 on Friday. The firm has a 50 day moving average of $855.06 and a 200-day moving average of $663.78. 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. The stock has a market capitalization of $32.00 billion, a PE ratio of 38.41 and a beta of 1.55.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million for the quarter. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is 10.16%.

Insider Buying and Selling

In related news, Director Herman E. Bulls sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the sale, the director directly owned 30,574 shares of the company’s stock, valued at $30,990,417.88. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction dated 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 completion of the transaction, the director owned 82,901 shares in the company, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,078 shares of company stock worth $15,242,037. 1.59% of the stock is owned by company insiders.

Comfort Systems USA 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.