Keating Financial Advisory Services Inc. Purchases Shares of 709 Comfort Systems USA, Inc. $FIX

Keating Financial Advisory Services Inc. acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 709 shares of the construction company’s stock, valued at approximately $1,405,000.

Several other large investors have also recently modified their holdings of FIX. Core Wealth Advisors LLC purchased a new stake in Comfort Systems USA during the 4th quarter valued at about $28,000. Avalon Trust Co purchased a new position in Comfort Systems USA in the 2nd quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the fourth quarter valued at approximately $33,000. Carolina Wealth Advisors LLC lifted its position in Comfort Systems USA by 63.6% in the second 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, Farmers & Merchants Investments Inc. boosted its stake in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIX. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a report on Thursday. KeyCorp increased their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research report on Monday, July 27th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Trading Down 0.9%

Shares of FIX opened at $1,658.28 on Friday. The firm’s 50-day moving average price is $1,783.64 and its 200-day moving average price is $1,655.08. The firm has a market capitalization of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69. 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, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the firm earned $6.53 earnings per share. Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be given a dividend of $0.90 per share. 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 is presently 8.85%.

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the company’s 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 sale, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 2,554 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,096 shares of company stock worth $31,186,647 over the last ninety days. 1.24% of the stock is owned by corporate insiders.

About Comfort Systems USA

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.