1,292 Shares in Comfort Systems USA, Inc. $FIX Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,292 shares of the construction company’s stock, valued at approximately $2,561,000.

Several other institutional investors have also added to or reduced their stakes in FIX. Signature Equity Partners LLC grew its stake in shares of Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after buying an additional 5 shares during the last quarter. Coston McIsaac & Partners lifted its stake in shares of Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after acquiring an additional 7 shares during the last quarter. Petra Financial Advisors Inc. lifted its stake in shares of Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after acquiring an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after acquiring an additional 8 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 6.0%

NYSE FIX opened at $1,879.96 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a market capitalization of $66.16 billion, a PE ratio of 46.24 and a beta of 1.69. Comfort Systems USA, Inc. has a 1 year low of $655.96 and a 1 year high of $2,073.99. The business’s 50-day moving average is $1,793.64 and its 200 day moving average is $1,643.63.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 53.55% and a net margin of 12.77%.Comfort Systems USA’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.53 EPS. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. This 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 through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,542 shares of company stock worth $26,437,101 over the last three months. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of several recent research reports. Oppenheimer assumed coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $2,057.86.

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.