Symphony Financial Ltd. Co. Makes New $87.72 Million Investment in Comfort Systems USA, Inc. $FIX

Symphony Financial Ltd. Co. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, Holdings Channel reports. The fund purchased 163,589 shares of the construction company’s stock, valued at approximately $87,718,000. Comfort Systems USA comprises 0.4% of Symphony Financial Ltd. Co.’s portfolio, making the stock its 28th largest position.

Other hedge funds have also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA during the second quarter worth $27,000. Stone House Investment Management LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at $31,000. Brooklyn Investment Group raised its holdings in shares of Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after buying an additional 83 shares during the period. Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 37.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after acquiring an additional 31 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Comfort Systems USA by 310.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock valued at $62,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FIX. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. DA Davidson set a $810.00 target price on shares of Comfort Systems USA in a research note on Friday, October 24th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Stifel Nicolaus set a $1,069.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $819.20.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $4,021,640. This represents a 38.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the transaction, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. This trade represents a 6.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,078 shares of company stock valued at $15,242,037 over the last three months. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Up 1.1%

Shares of NYSE:FIX opened at $907.29 on Monday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The company’s 50 day moving average is $855.06 and its two-hundred day moving average is $667.53. The company has a market cap of $32.00 billion, a PE ratio of 38.41 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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 during the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. 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 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA’s dividend payout ratio is 10.16%.

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.