Concurrent Investment Advisors LLC Acquires 2,815 Shares of Comfort Systems USA, Inc. $FIX

Concurrent Investment Advisors LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 304.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,741 shares of the construction company’s stock after purchasing an additional 2,815 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Comfort Systems USA were worth $7,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Comfort Systems USA in the 2nd quarter worth about $6,734,037,000. State Street Corp boosted its holdings in shares of Comfort Systems USA by 35.6% during the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after acquiring an additional 375,118 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after acquiring an additional 332,441 shares during the period. Invesco Ltd. grew its stake in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after acquiring an additional 73,727 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Comfort Systems USA by 22.1% in the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock worth $951,883,000 after acquiring an additional 184,362 shares during the period. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the transaction, the director owned 62,115 shares in the company, valued at $121,401,904.05. This trade represents a 9.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian Lane sold 16,024 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were 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. Over the last ninety days, insiders have sold 32,778 shares of company stock worth $56,306,777. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,611.87 on Friday. Comfort Systems USA, Inc. has a 52 week low of $682.00 and a 52 week high of $2,073.99. The firm has a market capitalization of $56.72 billion, a P/E ratio of 39.64 and a beta of 1.67. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $1,708.39 and a 200-day moving average price of $1,678.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.53 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current 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 given a $0.90 dividend. The ex-dividend date was Thursday, August 13th. 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%. Comfort Systems USA’s payout ratio is 8.85%.

Analyst Ratings Changes

A number of research analysts recently weighed in on FIX shares. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. KeyCorp lifted their target price on shares of 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. DA Davidson started coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price for the company. Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Company Profile

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.