Landscape Capital Management L.L.C. Takes $1.16 Million Position in Comfort Systems USA, Inc. $FIX

Landscape Capital Management L.L.C. bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 583 shares of the construction company’s stock, valued at approximately $1,155,000.

Several other institutional investors also recently modified their holdings of FIX. Avalon Trust Co bought a new position in shares of Comfort Systems USA during the second quarter valued at approximately $32,000. Carolina Wealth Advisors LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 7 shares during the last quarter. Kilter Group LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $48,000. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $28,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $46,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Up 0.2%

Shares of NYSE FIX opened at $1,658.28 on Monday. The firm’s 50 day moving average price is $1,783.64 and its 200-day moving average price is $1,658.46. Comfort Systems USA, Inc. has a 52-week low of $670.19 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 company has a market cap of $58.35 billion, a PE ratio of 40.78 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last announced 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 the consensus estimate of $2.99 billion. During the same quarter last year, the firm earned $6.53 earnings per share. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Oppenheimer assumed coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. KeyCorp increased their target price 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. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday, July 27th. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA has an average rating of “Buy” and a consensus price target of $2,082.86.

Insiders Place Their Bets

In other news, CFO William George III sold 2,554 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the sale, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,096 shares of company stock valued at $31,186,647. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA 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.