1,949 Shares in Comfort Systems USA, Inc. $FIX Acquired by Gallo Partners LP

Gallo Partners LP acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,949 shares of the construction company’s stock, valued at approximately $3,863,000. Comfort Systems USA accounts for 8.6% of Gallo Partners LP’s portfolio, making the stock its biggest holding.

Other hedge funds also recently bought and sold shares of the company. Prudential PLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $6,922,000. Ethic Inc. increased its stake in Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after buying an additional 748 shares during the period. BNP Paribas Financial Markets increased its stake in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after buying an additional 39,888 shares during the period. Vanguard Group Inc. lifted its holdings in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after buying an additional 625,567 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in Comfort Systems USA by 713.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock valued at $12,392,000 after buying an additional 11,645 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction that occurred on Monday, August 17th. The shares were 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 of the company’s stock, 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 filing with the SEC, which is available through this link. Also, Director Rhoman J. Hardy sold 342 shares of the business’s 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 transaction of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,096 shares of company stock valued at $31,186,647. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FIX. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target for the company. UBS Group set a $2,100.00 price target on shares of Comfort Systems USA in a research note on Thursday. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Stock Performance

FIX stock opened at $1,658.28 on Monday. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99. The business has a 50-day moving average price of $1,783.64 and a 200 day moving average price of $1,658.46. The company has a market capitalization of $58.35 billion, a P/E ratio of 40.78 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

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, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the business earned $6.53 EPS. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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