Callan Family Office LLC Invests $7.39 Million in Comfort Systems USA, Inc. $FIX

Callan Family Office LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,731 shares of the construction company’s stock, valued at approximately $7,395,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signature Equity Partners LLC raised its position in Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after buying an additional 5 shares during the last quarter. Coston McIsaac & Partners grew its stake in Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after purchasing an additional 7 shares during the period. Petra Financial Advisors Inc. grew its stake in Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after purchasing an additional 7 shares during the period. Carolina Wealth Advisors LLC increased its position in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after purchasing an additional 8 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,658.28 on Friday. The company has a 50-day simple moving average of $1,783.64 and a two-hundred day simple moving average of $1,655.08. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $670.19 and a 12-month high of $2,073.99. The firm has a market cap of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. The company’s quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.53 earnings per share. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a $0.90 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group set a $2,100.00 price target on shares of Comfort Systems USA in a report on Thursday. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. KeyCorp raised their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Oppenheimer began coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 2,554 shares of the firm’s 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 value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,096 shares of company stock worth $31,186,647. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Company Profile

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.