WBI Investments LLC Grows Position in Comfort Systems USA, Inc. $FIX

WBI Investments LLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 26.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628 shares of the construction company’s stock after purchasing an additional 133 shares during the quarter. WBI Investments LLC’s holdings in Comfort Systems USA were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC raised its stake in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the first quarter valued at approximately $31,000. Versant Capital Management Inc raised its stake in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after purchasing an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after purchasing an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after purchasing an additional 83 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 1.9%

FIX stock opened at $766.33 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $772.22. The business’s 50 day moving average price is $654.75 and its two-hundred day moving average price is $496.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 39.38 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business earned $3.74 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a dividend of $0.50 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA’s dividend payout ratio is 10.28%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,078 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares in the company, valued at $4,523,220. The trade was a 14.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 8,436 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares of the company’s stock, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock worth $18,710,798 in the last 90 days. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FIX shares. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a report on Friday, July 11th. DA Davidson increased their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. UBS Group increased their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a “buy” rating in a report on Friday, July 25th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $635.60.

Comfort Systems USA Company 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.