4,315 Shares in Comfort Systems USA, Inc. $FIX Bought by Geneva Partners LLC

Geneva Partners LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,315 shares of the construction company’s stock, valued at approximately $8,553,000. Comfort Systems USA makes up approximately 2.3% of Geneva Partners LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signature Equity Partners LLC grew its position in shares of Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after buying an additional 5 shares during the period. Coston McIsaac & Partners increased its stake in shares of Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after acquiring an additional 7 shares in the last quarter. Petra Financial Advisors Inc. lifted its position in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after acquiring an additional 7 shares during the period. Carolina Wealth Advisors LLC lifted its position in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other news, Director Franklin Myers sold 4,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 17,096 shares of company stock worth $31,186,647. 1.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FIX shares. KeyCorp upped their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday, July 27th. The Goldman Sachs Group began 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 on the stock. UBS Group raised their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,691.56 on Thursday. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The stock has a 50-day moving average of $1,791.43 and a 200 day moving average of $1,651.31. 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 company has a market capitalization of $59.53 billion, a price-to-earnings ratio of 41.60 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm posted $6.53 EPS. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

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

About Comfort Systems USA

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.