4,855 Shares in Comfort Systems USA, Inc. $FIX Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,855 shares of the construction company’s stock, valued at approximately $9,622,000.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth raised its position in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Comfort Systems USA during the second quarter valued at $567,000. Finally, Sei Investments Co. boosted its stake in Comfort Systems USA by 69.2% during the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after buying an additional 17,839 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Trading Down 2.9%

FIX stock opened at $1,607.66 on Tuesday. The company has a market capitalization of $56.57 billion, a PE ratio of 39.54 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The company’s 50 day moving average price is $1,776.76 and its two-hundred day moving average price is $1,661.26.

Comfort Systems USA (NYSE:FIX) last announced 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 net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $6.53 EPS. The firm’s revenue was up 50.3% on a year-over-year basis. As a group, analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a $0.90 dividend. 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%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s payout ratio is presently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,096 shares of company stock worth $31,186,647 over the last three months. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. KeyCorp boosted their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. The Goldman Sachs Group began coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a report 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 research report on Sunday, May 10th. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.