925 Shares in Comfort Systems USA, Inc. $FIX Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 925 shares of the construction company’s stock, valued at approximately $1,833,000.

A number of other hedge funds have also recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of Comfort Systems USA by 189,725.5% in the 2nd quarter. California State Teachers Retirement System now owns 103,029,689 shares of the construction company’s stock valued at $204,199,692,000 after purchasing an additional 102,975,413 shares in the last quarter. BlackRock Inc. bought a new position in shares of Comfort Systems USA during the second quarter valued at about $6,734,037,000. Norges Bank purchased a new position in shares of Comfort Systems USA in the fourth quarter worth about $469,606,000. State Street Corp lifted its stake in shares of 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 valued at $1,333,367,000 after acquiring an additional 375,118 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 valued at $1,103,453,000 after acquiring an additional 332,441 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIX. DA Davidson assumed coverage on Comfort Systems USA in a research report on Friday, August 21st. They issued a “buy” rating and a $2,100.00 price objective for the company. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. The Goldman Sachs Group began 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 price target for the company. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2,082.86.

Insider Buying and Selling

In other news, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,778 shares of company stock valued at $56,306,777 over the last three months. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 2.0%

NYSE FIX opened at $1,616.31 on Thursday. The stock has a market cap of $56.88 billion, a P/E ratio of 39.75 and a beta of 1.67. Comfort Systems USA, Inc. has a fifty-two week low of $721.87 and a fifty-two week high of $2,073.99. The stock has a 50 day simple moving average of $1,690.07 and a two-hundred day simple moving average of $1,686.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm earned $6.53 earnings per share. The business’s revenue was up 50.3% compared to the same quarter last year. On average, analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a dividend of $0.90 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

About Comfort Systems USA

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.