Two Sigma Securities LLC Makes New $1.57 Million Investment in Comfort Systems USA, Inc. $FIX

Two Sigma Securities LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 793 shares of the construction company’s stock, valued at approximately $1,572,000.

Several other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Comfort Systems USA in the second quarter worth approximately $26,000. Avalon Trust Co acquired a new stake in Comfort Systems USA in the second quarter valued at approximately $32,000. Field & Main Bank acquired a new stake in Comfort Systems USA in the second quarter valued at approximately $32,000. Carolina Wealth Advisors LLC grew its position in Comfort Systems USA by 63.6% in the second 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, Kilter Group LLC bought a new stake in Comfort Systems USA in the second quarter worth approximately $48,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Trading Down 0.0%

FIX stock opened at $1,518.08 on Monday. The business’s 50 day moving average is $1,747.26 and its 200-day moving average is $1,672.11. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99. The firm has a market cap of $53.42 billion, a P/E ratio of 37.34 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business earned $6.53 earnings per share. The business’s revenue was up 50.3% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given 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 was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 16,024 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,778 shares of company stock valued at $56,306,777 in the last ninety days. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a report on Monday, July 27th. UBS Group set a $2,100.00 target price on Comfort Systems USA in a research report on Thursday, August 20th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $2,082.86.

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.