46,407 Shares in Comfort Systems USA, Inc. $FIX Bought by Korea Investment CORP

Korea Investment CORP acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 46,407 shares of the construction company’s stock, valued at approximately $91,976,000. Korea Investment CORP owned approximately 0.13% of Comfort Systems USA as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth about $28,000. Avalon Trust Co acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new position in Comfort Systems USA in the 4th quarter valued at approximately $33,000. Carolina Wealth Advisors LLC boosted 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 valued at $36,000 after buying an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its stake in shares of 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 last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,658.28 on Friday. The company has a market capitalization of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69. 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 fifty day simple moving average of $1,783.64 and a 200 day simple moving average of $1,655.08. 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 (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 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 firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business earned $6.53 EPS. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a $0.90 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is presently 8.85%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FIX. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. UBS Group set a $2,100.00 price target on Comfort Systems USA in a research note on Thursday. KeyCorp boosted their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $2,082.86.

Insider Buying and Selling

In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction that occurred 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 SEC, which is available at this hyperlink. Also, CFO William George III sold 2,554 shares of the 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 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 $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,096 shares of company stock valued at $31,186,647 over the last ninety days. 1.24% of the stock is owned by company insiders.

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.