Roman Butler Fullerton & Co. Makes New Investment in Comfort Systems USA, Inc. $FIX

Roman Butler Fullerton & Co. purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 863 shares of the construction company’s stock, valued at approximately $1,495,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA during the second quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA during the fourth quarter valued at approximately $33,000. Carolina Wealth Advisors LLC grew 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 worth $36,000 after buying an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its stake in Comfort Systems USA by 29.0% in 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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIX. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. UBS Group upped their target price on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday, July 27th. One equities research 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, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $2,057.86.

Comfort Systems USA Trading Up 0.0%

Shares of FIX opened at $1,774.19 on Monday. The firm has a market cap of $62.43 billion, a price-to-earnings ratio of 43.63 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. Comfort Systems USA, Inc. has a fifty-two week low of $655.96 and a fifty-two week high of $2,073.99. The firm has a 50 day moving average price of $1,793.06 and a 200-day moving average price of $1,638.56.

Comfort Systems USA (NYSE:FIX) last posted its quarterly 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. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.53 earnings per share. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were 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 approximately $3,591,151.20. This represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. The trade was a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,542 shares of company stock worth $26,437,101. 1.24% of the stock is currently owned by company 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.