Osmosis Investment Management UK Ltd Makes New Investment in Comfort Systems USA, Inc. $FIX

Osmosis Investment Management UK Ltd bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,880 shares of the construction company’s stock, valued at approximately $7,690,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avalon Trust Co bought a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $32,000. Carolina Wealth Advisors LLC raised its position in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares in the last quarter. Kilter Group LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $48,000. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $28,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In related news, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 2,554 shares of the company’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 completion of 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 SEC filing for this sale provides additional information. Insiders have sold a total of 17,096 shares of company stock worth $31,186,647 over the last 90 days. 1.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on FIX shares. The Goldman Sachs Group started coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research note on Monday, July 27th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, DA Davidson began coverage on shares of Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $2,100.00 price objective on the stock. One 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,658.28 on Monday. The stock has a market cap of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69. The firm’s 50-day moving average is $1,783.64 and its 200 day moving average is $1,658.46. Comfort Systems USA, Inc. has a 1 year low of $670.19 and a 1 year high of $2,073.99. 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 (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.53 EPS. Sell-side 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. Stockholders 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 is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

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.