Princeton Global Asset Management LLC Invests $147,000 in Comfort Systems USA, Inc. $FIX

Princeton Global Asset Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 275 shares of the construction company’s stock, valued at approximately $147,000.

Several other hedge funds have also made changes to their positions in the business. Balboa Wealth Partners acquired a new stake in shares of Comfort Systems USA during the second quarter worth about $315,000. Mezzasalma Advisors LLC boosted its stake in shares of Comfort Systems USA by 23.5% during the second quarter. Mezzasalma Advisors LLC now owns 884 shares of the construction company’s stock worth $474,000 after buying an additional 168 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Comfort Systems USA by 30.1% during the second quarter. Chicago Partners Investment Group LLC now owns 639 shares of the construction company’s stock worth $350,000 after buying an additional 148 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Comfort Systems USA in the second quarter valued at about $4,677,000. Finally, Cannon Global Investment Management LLC acquired a new stake in Comfort Systems USA in the second quarter valued at about $536,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 8,436 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the sale, the director owned 6,500 shares in the company, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is currently owned by insiders.

Analyst Ratings Changes

FIX has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research report on Monday, September 15th. DA Davidson raised their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a report on Monday, October 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $735.80.

Comfort Systems USA Trading Up 0.9%

Shares of FIX opened at $835.55 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $764.08 and a 200-day simple moving average of $587.46. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $861.77. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 42.94 and a beta of 1.58.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 10.28%.

Comfort Systems USA 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.