Value Aligned Research Advisors LLC Has $482.82 Million Position in Comfort Systems USA, Inc. $FIX

Value Aligned Research Advisors LLC grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 14.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 243,607 shares of the construction company’s stock after buying an additional 29,970 shares during the quarter. Comfort Systems USA makes up 1.2% of Value Aligned Research Advisors LLC’s holdings, making the stock its 17th biggest holding. Value Aligned Research Advisors LLC’s holdings in Comfort Systems USA were worth $482,817,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in Comfort Systems USA during the 2nd quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $28,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $32,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the fourth quarter valued at $33,000. Finally, Carolina Wealth Advisors LLC increased its position in Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after buying an additional 7 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Up 0.0%

Shares of Comfort Systems USA stock opened at $1,616.34 on Friday. 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 50 day simple moving average of $1,756.32 and a two-hundred day simple moving average of $1,670.47. The firm has a market cap of $56.88 billion, a PE ratio of 39.75 and a beta of 1.69. 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 released its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.53 earnings per share. Analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In other news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction dated 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 transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred 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 transaction, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIX. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a research report on Thursday, August 20th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price for the company. KeyCorp lifted their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $2,082.86.

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.