TFR Capital LLC. Makes New Investment in Comfort Systems USA, Inc. $FIX

TFR Capital LLC. acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,607 shares of the construction company’s stock, valued at approximately $3,185,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIX. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares in the last quarter. State Street Corp raised its holdings in Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares in the last quarter. Geode Capital Management LLC raised its holdings in Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after purchasing an additional 332,441 shares in the last quarter. Invesco Ltd. lifted its position in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares during the period. Finally, AQR Capital Management LLC lifted its position in Comfort Systems USA by 22.1% during the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after buying an additional 184,362 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on FIX shares. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. UBS Group increased their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. KeyCorp lifted their price target 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. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One 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, Comfort Systems USA currently has an average rating of “Buy” and an average price target of $2,057.86.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the 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 sale, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,542 shares of company stock valued at $26,437,101. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Trading Up 2.7%

NYSE FIX opened at $1,774.19 on Friday. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99. The stock has a market cap of $62.44 billion, a P/E ratio of 43.63 and a beta of 1.69. The stock’s fifty day moving average price is $1,793.06 and its 200-day moving average price is $1,634.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last issued 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. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s revenue was up 50.3% on a year-over-year basis. During the same period last year, the company earned $6.53 earnings per share. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

Comfort Systems USA Company 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.