Chase Investment Counsel Corp Acquires Shares of 1,105 Comfort Systems USA, Inc. $FIX

Chase Investment Counsel Corp acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,105 shares of the construction company’s stock, valued at approximately $2,190,000.

Several other large investors also recently made changes to their positions in the business. Signature Equity Partners LLC lifted its position in Comfort Systems USA by 16.7% during the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after buying an additional 5 shares in the last quarter. Coston McIsaac & Partners raised its stake in shares of Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after acquiring an additional 7 shares during the last quarter. Petra Financial Advisors Inc. raised its stake in shares of Comfort Systems USA by 0.7% in the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after acquiring an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after purchasing an additional 7 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Comfort Systems USA by 1.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,774.19 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a twelve month low of $655.96 and a twelve month high of $2,073.99. The firm’s 50 day moving average price is $1,793.06 and its two-hundred day moving average price is $1,638.56. The firm has a market cap of $62.43 billion, a P/E ratio of 43.63 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last released its quarterly 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. 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 analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $6.53 earnings per share. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. On average, analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research note on Monday, July 27th. Finally, Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $2,057.86.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction dated Wednesday, May 27th. The stock was 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 owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers sold 6,700 shares of the stock in a transaction dated 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 approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 14,542 shares of company stock valued at $26,437,101. Company insiders own 1.24% of the company’s stock.

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.