Jones Financial Companies Lllp Grows Stock Holdings in Comfort Systems USA, Inc. $FIX

Jones Financial Companies Lllp boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2,872,410.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 833,028 shares of the construction company’s stock after purchasing an additional 832,999 shares during the quarter. Jones Financial Companies Lllp owned about 2.36% of Comfort Systems USA worth $268,510,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC increased its position in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new position in Comfort Systems USA during the first quarter valued at $31,000. Versant Capital Management Inc increased its position in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after acquiring an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position 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 valued at $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Colonial Trust Co SC increased its position in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FIX. Northcoast Research cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. DA Davidson upped their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, UBS Group upped their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $635.60.

Comfort Systems USA Stock Down 2.3%

Shares of Comfort Systems USA stock opened at $707.61 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $733.24. The firm’s 50-day moving average is $638.44 and its two-hundred day moving average is $486.97. The stock has a market cap of $24.96 billion, a price-to-earnings ratio of 36.36 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.74 earnings per share. As a group, research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA’s payout ratio is currently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the stock in a transaction dated 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. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction dated Thursday, July 31st. The shares were 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 approximately $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,283 shares of company stock valued at $17,627,965. 1.59% of the stock is currently owned by corporate insiders.

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.