Simplicity Wealth LLC Invests $601,000 in Comfort Systems USA, Inc. $FIX

Simplicity Wealth LLC 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 SEC. The fund acquired 303 shares of the construction company’s stock, valued at approximately $601,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the period. Norges Bank purchased a new position in shares of Comfort Systems USA during the 4th quarter valued at $469,606,000. State Street Corp boosted its holdings in Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after buying an additional 375,118 shares during the period. Geode Capital Management LLC boosted its holdings in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after buying an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Comfort Systems USA by 37,987.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after buying an additional 309,217 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction that occurred 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 sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 14,542 shares of company stock worth $26,437,101. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. Oppenheimer started coverage on Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. One investment 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 company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $2,057.86.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,879.96 on Tuesday. The company has a market cap of $66.16 billion, a P/E ratio of 46.24 and a beta of 1.69. Comfort Systems USA, Inc. has a 52-week low of $655.96 and a 52-week high of $2,073.99. 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 firm’s fifty day moving average is $1,793.64 and its two-hundred day moving average is $1,643.63.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating 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 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 earnings per share. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend 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%.

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.