Focus Partners Advisor Solutions LLC Acquires Shares of 4,624 Comfort Systems USA, Inc. $FIX

Focus Partners Advisor Solutions LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,624 shares of the construction company’s stock, valued at approximately $9,166,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA in the 4th quarter worth about $28,000. Avalon Trust Co bought a new position in shares of Comfort Systems USA during the second quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $33,000. Carolina Wealth Advisors LLC raised its position 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 valued at $36,000 after buying an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FIX shares. Glj Research started coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. KeyCorp increased their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. UBS Group raised their price target on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,774.19 on Friday. Comfort Systems USA, Inc. has a 1 year low of $655.96 and a 1 year high of $2,073.99. The stock has a market capitalization of $62.43 billion, a price-to-earnings ratio of 43.63 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company’s 50 day simple moving average is $1,793.06 and its 200 day simple moving average is $1,634.99.

Comfort Systems USA (NYSE:FIX) last released its 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 firm had revenue of $3.27 billion during 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 company’s quarterly 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. As a group, research analysts predict that Comfort Systems USA, Inc. will post 46.77 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, August 24th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the sale, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,542 shares of company stock valued at $26,437,101. 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.