Cowa LLC Raises Position in Comfort Systems USA, Inc. $FIX

Cowa LLC lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 14.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,927 shares of the construction company’s stock after buying an additional 1,525 shares during the period. Comfort Systems USA comprises about 2.4% of Cowa LLC’s portfolio, making the stock its 10th biggest holding. Cowa LLC’s holdings in Comfort Systems USA were worth $6,395,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FIX. Private Advisor Group LLC raised its stake in Comfort Systems USA by 47.3% during the first quarter. Private Advisor Group LLC now owns 866 shares of the construction company’s stock worth $279,000 after acquiring an additional 278 shares in the last quarter. IFP Advisors Inc increased its position in Comfort Systems USA by 157.1% during the 1st quarter. IFP Advisors Inc now owns 437 shares of the construction company’s stock worth $141,000 after purchasing an additional 267 shares in the last quarter. PFG Advisors lifted its stake in Comfort Systems USA by 7.2% in the 1st quarter. PFG Advisors now owns 668 shares of the construction company’s stock valued at $215,000 after purchasing an additional 45 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in Comfort Systems USA by 1.2% in the first quarter. KLP Kapitalforvaltning AS now owns 8,200 shares of the construction company’s stock valued at $2,643,000 after buying an additional 100 shares in the last quarter. Finally, Oak Thistle LLC grew its stake in shares of Comfort Systems USA by 49.0% during the first quarter. Oak Thistle LLC now owns 2,182 shares of the construction company’s stock worth $703,000 after buying an additional 718 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Herman E. Bulls sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the sale, the director owned 30,574 shares of the company’s stock, valued at approximately $30,990,417.88. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,000 shares of company stock valued at $14,491,878 over the last 90 days. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Trading Up 2.2%

Shares of FIX stock opened at $895.15 on Friday. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a market cap of $31.57 billion, a price-to-earnings ratio of 37.90 and a beta of 1.55. The stock has a 50-day moving average of $871.85 and a 200-day moving average of $680.84.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $713.90 million for the quarter. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is currently 10.16%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a research note on Friday, October 24th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $892.75.

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.