NWK Group Inc. Buys New Stake in Comfort Systems USA, Inc. $FIX

NWK Group Inc. purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,555 shares of the construction company’s stock, valued at approximately $9,028,000. Comfort Systems USA makes up 2.8% of NWK Group Inc.’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth about $28,000. Avalon Trust Co acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at about $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $33,000. Carolina Wealth Advisors LLC grew its stake in Comfort Systems USA by 63.6% during the 2nd 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. Finally, Farmers & Merchants Investments Inc. increased its position in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 value of $649,827.36. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,096 shares of company stock valued at $31,186,647. Corporate insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. KeyCorp increased 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 note on Monday, July 27th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,691.56 on Thursday. The business’s 50 day simple moving average is $1,791.43 and its 200-day simple moving average is $1,651.31. 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 firm has a market capitalization of $59.53 billion, a price-to-earnings ratio of 41.60 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.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business earned $6.53 earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis. As a group, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 8.85%.

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.