2,818 Shares in Comfort Systems USA, Inc. $FIX Bought by Commerce Bank

Commerce Bank acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, HoldingsChannel.com reports. The firm acquired 2,818 shares of the construction company’s stock, valued at approximately $5,585,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. Core Wealth Advisors LLC bought a new position in Comfort Systems USA during the fourth quarter worth $28,000. Avalon Trust Co bought a new position in Comfort Systems USA during the 2nd quarter worth $32,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA during the fourth quarter worth about $33,000. Carolina Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its holdings in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. UBS Group set a $2,100.00 target price on Comfort Systems USA in a report on Thursday. KeyCorp increased their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday, July 27th. Finally, Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. One 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 company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,658.28 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. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99. The stock has a market cap of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69. The company’s fifty day moving average is $1,783.64 and its 200 day moving average is $1,658.46.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $6.53 EPS. Comfort Systems USA’s revenue for the quarter was up 50.3% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a $0.90 dividend. The ex-dividend date is Thursday, August 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Insider Activity at Comfort Systems USA

In other news, CFO William George III sold 2,554 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,096 shares of company stock worth $31,186,647 over the last ninety days. Insiders own 1.24% of the company’s stock.

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.