Jupiter Topco LLC Takes Position in Comfort Systems USA, Inc. $FIX

Jupiter Topco LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 93,950 shares of the construction company’s stock, valued at approximately $186,122,000. Jupiter Topco LLC owned approximately 0.27% of Comfort Systems USA at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. Jones Financial Companies Lllp purchased a new position in Comfort Systems USA in the 2nd quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth about $28,000. Avalon Trust Co acquired a new position in shares of Comfort Systems USA in the second quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA in the fourth quarter worth about $33,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In other news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated 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 completion of the transaction, the director directly owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,754 shares of company stock valued at $30,536,820 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a report on Thursday, August 20th. 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. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. KeyCorp upped 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 report on Monday, July 27th. Finally, DA Davidson started coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,618.93 on Thursday. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a market cap of $56.97 billion, a price-to-earnings ratio of 39.82 and a beta of 1.69. The stock has a 50 day moving average of $1,763.42 and a 200-day moving average of $1,667.74.

Comfort Systems USA (NYSE:FIX) last posted its quarterly 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 business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company posted $6.53 EPS. The business’s revenue was up 50.3% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

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