Integrated Quantitative Investments LLC Buys New Stake in Comfort Systems USA, Inc. $FIX

Integrated Quantitative Investments LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,084 shares of the construction company’s stock, valued at approximately $1,117,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth about $27,000. Stone House Investment Management LLC acquired a new position in Comfort Systems USA in the 1st quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after purchasing an additional 37 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after purchasing an additional 31 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after purchasing an additional 83 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, Director Herman E. Bulls sold 2,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director directly owned 30,574 shares of the company’s stock, valued at $30,990,417.88. This trade represents a 6.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the sale, the director directly owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 16,078 shares of company stock worth $15,242,037. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Up 1.1%

NYSE:FIX opened at $907.29 on Friday. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,020.26. The stock has a market cap of $32.00 billion, a P/E ratio of 38.41 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a 50-day simple moving average of $855.06 and a 200-day simple moving average of $665.64.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIX. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. William Blair initiated coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. Finally, UBS Group lifted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $819.20.

Comfort Systems USA Profile

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.