Empowered Funds LLC Acquires Shares of 28,872 Comfort Systems USA, Inc. $FIX

Empowered Funds LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,872 shares of the construction company’s stock, valued at approximately $57,223,000.

A number of other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth $26,000. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth $28,000. Avalon Trust Co bought a new position in shares of Comfort Systems USA during the second quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $33,000. Finally, Carolina Wealth Advisors LLC boosted its position in shares of Comfort Systems USA by 63.6% during the second 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIX. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Oppenheimer began coverage on shares of 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. KeyCorp boosted their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, UBS Group set a $2,100.00 price target on Comfort Systems USA in a research note on Thursday, August 20th. One 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 stock. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and a consensus target price of $2,082.86.

Comfort Systems USA Stock Up 0.0%

FIX opened at $1,616.34 on Friday. The stock has a market cap of $56.88 billion, a price-to-earnings ratio of 39.75 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. The firm’s fifty day moving average is $1,756.32 and its 200 day moving average is $1,670.47. Comfort Systems USA, Inc. has a fifty-two week low of $670.19 and a fifty-two week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the company earned $6.53 EPS. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were issued a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is presently 8.85%.

Insiders Place Their Bets

In other news, CFO William George III sold 2,554 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,778 shares of company stock worth $56,306,777 in the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

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.