Cardinal Point Capital Management ULC Takes $4.53 Million Position in Comfort Systems USA, Inc. $FIX

Cardinal Point Capital Management ULC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, Holdings Channel reports. The firm acquired 8,450 shares of the construction company’s stock, valued at approximately $4,531,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. Tradewinds Capital Management LLC lifted its stake 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 worth $26,000 after purchasing an additional 27 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Comfort Systems USA in the second quarter valued at approximately $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the first quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. lifted 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 buying an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group lifted 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 buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $828.28 on Friday. The business’s 50-day moving average price is $770.78 and its 200 day moving average price is $594.08. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $861.77. The company has a market capitalization of $29.22 billion, a PE ratio of 42.56 and a beta of 1.58. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.60 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA’s payout ratio is 10.28%.

Insider Activity

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the transaction, the director owned 11,666 shares of the company’s stock, valued at $8,557,710.96. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William George III sold 8,436 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the subject of a number of research reports. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. DA Davidson upped their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $735.80.

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.