OMERS ADMINISTRATION Corp Takes Position in Comfort Systems USA, Inc. $FIX

OMERS ADMINISTRATION Corp acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,674 shares of the construction company’s stock, valued at approximately $5,300,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth grew its position in Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Comfort Systems USA in the second quarter valued at $567,000. Finally, Sei Investments Co. increased its holdings in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after buying an additional 17,839 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIX shares. KeyCorp raised their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. DA Davidson initiated coverage on Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $2,100.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $2,082.86.

Insider Transactions at Comfort Systems USA

In other news, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,096 shares of company stock valued at $31,186,647 over the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 2.9%

Shares of NYSE:FIX opened at $1,607.66 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market cap of $56.57 billion, a PE ratio of 39.54 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 simple moving average of $1,776.76 and a 200 day simple moving average of $1,661.26.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 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 firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business posted $6.53 EPS. The company’s revenue was up 50.3% on a year-over-year basis. As a group, research analysts expect that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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