Flagship Harbor Advisors LLC Grows Position in Comfort Systems USA, Inc. $FIX

Flagship Harbor Advisors LLC increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 26.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,465 shares of the construction company’s stock after purchasing an additional 304 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Comfort Systems USA were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Comfort Systems USA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock valued at $1,225,673,000 after purchasing an additional 21,847 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of Comfort Systems USA by 0.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock valued at $286,757,000 after purchasing an additional 4,512 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after purchasing an additional 832,999 shares during the period. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after purchasing an additional 273,453 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Comfort Systems USA by 36.4% in the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after purchasing an additional 138,541 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 4.7%

Comfort Systems USA stock opened at $963.36 on Friday. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 40.79 and a beta of 1.58. The stock has a fifty day simple moving average of $800.36 and a two-hundred day simple moving average of $618.26. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,020.26. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The business 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%. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS 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. Investors of record on Thursday, November 13th will be issued a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is 8.47%.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider owned 188,046 shares of the company’s stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the sale, the director directly owned 4,000 shares of the company’s stock, valued at $4,021,640. The trade was a 38.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,883 shares of company stock valued at $18,071,151 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the subject of a number of recent research reports. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Finally, DA Davidson set a $810.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $819.20.

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.