Comfort Systems USA, Inc. $FIX Shares Purchased by NWK Group Inc.

NWK Group Inc. boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 211.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,480 shares of the construction company’s stock after buying an additional 3,718 shares during the quarter. Comfort Systems USA comprises approximately 2.9% of NWK Group Inc.’s portfolio, making the stock its 14th biggest holding. NWK Group Inc.’s holdings in Comfort Systems USA were worth $7,557,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Core Wealth Advisors LLC purchased a new stake in Comfort Systems USA during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. lifted its position 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 acquiring an additional 9 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 17 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 0.4%

FIX stock opened at $1,667.28 on Monday. The firm has a market cap of $58.69 billion, a PE ratio of 48.10 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm’s 50 day moving average price is $1,861.34 and its 200-day moving average price is $1,544.34. Comfort Systems USA, Inc. has a one year low of $513.99 and a one year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.75 earnings per share. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,015.43.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the sale, the director owned 7,666 shares in the company, valued at approximately $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,778 shares of company stock worth $59,746,124. Corporate 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.