Diametric Capital LP Buys New Stake in Comfort Systems USA, Inc. $FIX

Diametric Capital LP purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,243 shares of the construction company’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Archer Investment Corp boosted its stake in shares of Comfort Systems USA by 8.0% during the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after acquiring an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Comfort Systems USA by 12.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after purchasing an additional 22 shares during the period. Optimum Investment Advisors boosted its position in Comfort Systems USA by 0.8% during the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after purchasing an additional 25 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after purchasing an additional 31 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Comfort Systems USA by 2.0% in the second quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock valued at $932,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $1,003.80 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The firm has a market capitalization of $35.40 billion, a PE ratio of 42.50 and a beta of 1.64. 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 firm’s 50-day moving average price is $902.87 and its 200 day moving average price is $712.85.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. DA Davidson set a $810.00 target price on Comfort Systems USA in a research note on Friday, October 24th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Stifel Nicolaus set a $1,069.00 target price on shares of Comfort Systems USA in a research note on Friday, October 24th. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $892.75.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George III sold 4,370 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,528 shares of company stock valued at $25,467,824 in the last three months. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Company Profile

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.