NEOS Investment Management LLC Has $11.01 Million Stake in Comfort Systems USA, Inc. $FIX

NEOS Investment Management LLC grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,555 shares of the construction company’s stock after purchasing an additional 773 shares during the period. NEOS Investment Management LLC’s holdings in Comfort Systems USA were worth $11,010,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FIX. Jones Financial Companies Lllp bought a new position in Comfort Systems USA during the 2nd quarter worth $26,000. Avalon Trust Co bought a new position in shares of Comfort Systems USA in the second quarter worth $32,000. Field & Main Bank bought a new stake in Comfort Systems USA during the second quarter worth about $32,000. Carolina Wealth Advisors LLC grew its stake in Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after buying an additional 7 shares in the last quarter. Finally, JNBA Financial Advisors acquired a new stake in Comfort Systems USA during the second quarter worth about $42,000. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Oppenheimer started coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. The Goldman Sachs Group began coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. DA Davidson assumed coverage on Comfort Systems USA in a research note on Friday, August 21st. They issued a “buy” rating and a $2,100.00 price target on the stock. Finally, KeyCorp upped their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $2,082.86.

Insider Activity

In other news, insider Brian E. Lane sold 16,024 shares of the company’s 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 owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the firm’s 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 completion of the transaction, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. 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 corporate insiders.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,611.87 on Friday. The company’s 50 day moving average price is $1,708.39 and its two-hundred day moving average price is $1,678.66. The firm has a market capitalization of $56.72 billion, a P/E ratio of 39.64 and a beta of 1.67. Comfort Systems USA, Inc. has a fifty-two week low of $682.00 and a fifty-two week 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 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 company had revenue of $3.27 billion during 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%.Comfort Systems USA’s revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.53 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was 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 payout ratio 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.