Capstone Investment Advisors LLC Invests $2.58 Million in Comfort Systems USA, Inc. $FIX

Capstone Investment Advisors LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,300 shares of the construction company’s stock, valued at approximately $2,577,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Jones Financial Companies Lllp acquired a new stake in Comfort Systems USA during the 2nd quarter worth approximately $26,000. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $28,000. Avalon Trust Co acquired a new position in shares of Comfort Systems USA in the second quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after purchasing an additional 7 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO William George III sold 2,554 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was 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 directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,778 shares of company stock worth $56,306,777 in the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 0.0%

Shares of NYSE FIX opened at $1,616.34 on Friday. The stock has a market capitalization of $56.88 billion, a price-to-earnings ratio of 39.75 and a beta of 1.69. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The firm has a 50-day moving average price of $1,756.32 and a 200 day moving average price of $1,670.47. 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 (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $6.53 earnings per share. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is currently 8.85%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FIX shares. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a research report on Thursday, August 20th. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a report on Monday, July 27th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, KeyCorp raised their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $2,082.86.

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.