5,761 Shares in Comfort Systems USA, Inc. $FIX Acquired by Prosperitas Financial LLC

Prosperitas Financial 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 5,761 shares of the construction company’s stock, valued at approximately $11,419,000. Comfort Systems USA makes up approximately 3.7% of Prosperitas Financial LLC’s investment portfolio, making the stock its 8th biggest holding.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Comfort Systems USA in the second quarter worth $26,000. Core Wealth Advisors LLC bought a new position in Comfort Systems USA in the 4th quarter worth about $28,000. Avalon Trust Co bought a new position in Comfort Systems USA in the 2nd quarter worth about $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Trading Down 6.0%

FIX stock opened at $1,518.08 on Friday. The company has a market capitalization of $53.42 billion, a PE ratio of 37.34 and a beta of 1.69. 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 $1,747.26 and its two-hundred day moving average price is $1,669.40. 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 (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 47.2 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, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,778 shares of company stock worth $56,306,777 over the last three months. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FIX. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a report on Thursday, August 20th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. DA Davidson initiated coverage on shares of Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price for the company. 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. Finally, The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.