4,936 Shares in Comfort Systems USA, Inc. $FIX Bought by Horizon Investment Services LLC

Horizon Investment Services LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,936 shares of the construction company’s stock, valued at approximately $9,785,000. Comfort Systems USA accounts for approximately 2.7% of Horizon Investment Services LLC’s holdings, making the stock its 8th biggest holding.

Several other institutional investors also recently bought and sold shares of FIX. Global Retirement Partners LLC acquired a new stake in Comfort Systems USA in the second quarter valued at about $1,356,000. Fielder Capital Group LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $383,000. Bank of New York Mellon Corp acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $370,479,000. Leeward Financial Partners LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $539,000. Finally, Private Advisory Group LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $2,690,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 14,542 shares of company stock valued at $26,437,101. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FIX. Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research note on Monday, July 27th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus price target of $2,057.86.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,774.19 on Monday. The stock has a market cap of $62.43 billion, a price-to-earnings ratio of 43.63 and a beta of 1.69. Comfort Systems USA, Inc. has a 52 week low of $655.96 and a 52 week high of $2,073.99. The company’s 50-day moving average price is $1,793.06 and its 200 day moving average price is $1,638.56. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period last year, the firm posted $6.53 EPS. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

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.