United Capital Financial Advisors LLC Invests $2.63 Million in Comfort Systems USA, Inc. $FIX

United Capital Financial Advisors LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,327 shares of the construction company’s stock, valued at approximately $2,630,000.

Several other hedge funds have also recently added to or reduced their stakes in FIX. Value Aligned Research Advisors LLC raised its holdings in Comfort Systems USA by 14.0% in the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock valued at $482,817,000 after acquiring an additional 29,970 shares in the last quarter. Camarda Financial Advisors LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $275,000. Caitlin John LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $1,284,000. Equitable Holdings Inc. purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $1,516,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $567,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, CFO William George III sold 2,554 shares of the 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 sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,778 shares of company stock valued at $56,306,777 over the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,518.08 on Friday. The company has a fifty day moving average of $1,747.26 and a two-hundred day moving average of $1,669.40. The company has a market capitalization of $53.42 billion, a PE ratio of 37.34 and a beta of 1.69. Comfort Systems USA, Inc. has a 1 year low of $670.19 and a 1 year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its earnings results 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 return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm earned $6.53 earnings per share. The business’s revenue was up 50.3% compared to the same quarter last year. As a group, analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current 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 paid a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a research report on Thursday, August 20th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. 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 research note on Monday, July 27th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, DA Davidson initiated coverage on Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective for the company. One equities research 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, the stock 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.