Chase Investment Counsel Corp Makes New $2.19 Million Investment in Comfort Systems USA, Inc. $FIX

Chase Investment Counsel Corp purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,105 shares of the construction company’s stock, valued at approximately $2,190,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth $28,000. Avalon Trust Co bought a new position in Comfort Systems USA in the second quarter valued at $32,000. Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA in the 4th quarter valued at $33,000. Carolina Wealth Advisors LLC increased its stake in 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 buying an additional 7 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research note on Monday, July 27th. KeyCorp lifted their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $2,057.86.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction on 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 directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction 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 transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 14,542 shares of company stock valued at $26,437,101. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,774.19 on Monday. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The company has a market cap of $62.43 billion, a P/E ratio of 43.63 and a beta of 1.69. The firm’s fifty day moving average price is $1,793.06 and its two-hundred day moving average price is $1,638.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $6.53 earnings per share. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year. Equities analysts expect that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

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.