Cooper Financial Group Takes Position in Comfort Systems USA, Inc. $FIX

Cooper Financial Group purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, HoldingsChannel reports. The institutional investor purchased 374 shares of the construction company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently modified their holdings of the company. Truist Financial Corp lifted its holdings in shares of Comfort Systems USA by 4.2% in the second quarter. Truist Financial Corp now owns 39,862 shares of the construction company’s stock valued at $21,374,000 after purchasing an additional 1,610 shares in the last quarter. Greenleaf Trust bought a new stake in Comfort Systems USA during the second quarter worth about $226,000. Janney Montgomery Scott LLC raised its holdings in Comfort Systems USA by 40.4% during the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the construction company’s stock worth $3,449,000 after acquiring an additional 1,850 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in Comfort Systems USA during the second quarter worth about $3,081,000. Finally, Capital Insight Partners LLC bought a new stake in Comfort Systems USA during the second quarter worth about $2,151,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $833.65 on Friday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $852.31. The stock’s 50 day moving average is $731.36 and its 200-day moving average is $543.46. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $29.41 billion, a price-to-earnings ratio of 42.84 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business earned $3.74 earnings per share. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a dividend of $0.50 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director William J. Sandbrook sold 800 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director owned 11,666 shares of the company’s stock, valued at $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director directly owned 6,500 shares in the company, valued at $4,523,220. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock valued at $18,710,798 over the last ninety days. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of several analyst reports. William Blair initiated coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating on the stock. DA Davidson upped their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group boosted their price target on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average price target of $668.60.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.