2,313 Shares in Comfort Systems USA, Inc. $FIX Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,313 shares of the construction company’s stock, valued at approximately $4,584,000.

Other hedge funds have also bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the 4th quarter worth $28,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA during the 4th quarter worth $33,000. Carolina Wealth Advisors LLC grew 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 worth $36,000 after acquiring an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,674.43 on Friday. The firm has a fifty day simple moving average of $1,788.02 and a two-hundred day simple moving average of $1,655.06. 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, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99. The company has a market capitalization of $58.92 billion, a PE ratio of 41.18 and a beta of 1.69.

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. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period last year, the firm earned $6.53 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA 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 completion of the transaction, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,096 shares of company stock worth $31,186,647 in the last ninety days. 1.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FIX shares. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday, July 27th. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a research report on Thursday. The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. Oppenheimer assumed coverage on Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. One equities 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $2,040.00.

Comfort Systems USA 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.