OneDigital Investment Advisors LLC Acquires New Holdings in Comfort Systems USA, Inc. $FIX

OneDigital Investment Advisors LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,031 shares of the construction company’s stock, valued at approximately $2,044,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIX. Avalon Trust Co bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $32,000. Carolina Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares during the period. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $28,000. CENTRAL TRUST Co bought a new position in shares of Comfort Systems USA in the first quarter valued at approximately $46,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Comfort Systems USA during the first quarter valued at approximately $46,000. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the transaction, the director owned 62,115 shares in the company, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,542 shares of company stock worth $26,437,101 over the last three months. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,774.19 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $62.43 billion, a PE ratio of 43.63 and a beta of 1.69. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The company has a 50 day moving average price of $1,793.06 and a two-hundred day moving average price of $1,638.56.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.53 EPS. As a group, equities 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 business also recently disclosed 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. 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%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is currently 8.85%.

Analysts Set New Price Targets

Several analysts have recently weighed in on FIX shares. UBS Group upped their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a report on Monday, July 27th. Glj Research assumed coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, KeyCorp lifted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $2,057.86.

About Comfort Systems USA

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.