Cullen Frost Bankers Inc. Raises Position in Comfort Systems USA, Inc. $FIX

Cullen Frost Bankers Inc. lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 310.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115 shares of the construction company’s stock after purchasing an additional 87 shares during the period. Cullen Frost Bankers Inc.’s holdings in Comfort Systems USA were worth $62,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FIX. Tradewinds Capital Management LLC increased its stake in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $27,000. Stone House Investment Management LLC purchased a new position in Comfort Systems USA in the 1st quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. grew its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after buying an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction on Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the sale, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the sale, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Up 18.9%

Shares of NYSE:FIX opened at $981.15 on Monday. The firm has a fifty day moving average price of $776.79 and a two-hundred day moving average price of $602.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,002.64. The company has a market cap of $34.61 billion, a price-to-earnings ratio of 41.54 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million during the quarter. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is 10.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research note on Friday. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. William Blair assumed coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $766.20.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.