Empowered Funds LLC Acquires New Position in Comfort Systems USA, Inc. $FIX

Empowered Funds LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 28,872 shares of the construction company’s stock, valued at approximately $57,223,000. Empowered Funds LLC owned 0.08% of Comfort Systems USA as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth increased its stake in Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after acquiring an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $567,000. Finally, Sei Investments Co. grew its holdings in shares of Comfort Systems USA by 69.2% during the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after purchasing an additional 17,839 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,616.34 on Friday. 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, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The business’s 50 day simple moving average is $1,756.32 and its two-hundred day simple moving average is $1,670.47. The stock has a market capitalization of $56.88 billion, a P/E ratio of 39.75 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last released 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 in the prior year, the firm posted $6.53 earnings per share. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. Analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,024 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 2,554 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. KeyCorp raised their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. 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 target price for the company. UBS Group set a $2,100.00 price target on Comfort Systems USA in a research report on Thursday, August 20th. Finally, Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and an average price target of $2,082.86.

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.