J2 Capital Management Inc Makes New Investment in Comfort Systems USA, Inc. $FIX

J2 Capital Management Inc acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,529 shares of the construction company’s stock, valued at approximately $820,000. Comfort Systems USA accounts for 0.7% of J2 Capital Management Inc’s portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also modified their holdings of FIX. Sumitomo Mitsui Trust Group Inc. boosted its stake in Comfort Systems USA by 13.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company’s stock valued at $824,000 after buying an additional 296 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock valued at $364,000 after acquiring an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock valued at $2,377,000 after purchasing an additional 3,644 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Comfort Systems USA by 256.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company’s stock valued at $658,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Comfort Systems USA by 9.8% in the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company’s stock worth $324,000 after purchasing an additional 90 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

FIX stock opened at $834.93 on Thursday. The company has a 50 day moving average price of $725.96 and a 200 day moving average price of $540.10. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $843.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The stock has a market capitalization of $29.46 billion, a PE ratio of 42.90 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last released 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. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $3.74 EPS. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FIX shares. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating for the company. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Stifel Nicolaus increased their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $668.60.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares in the company, valued at $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William George III sold 8,436 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,783 shares of company stock worth $18,710,798. Insiders own 1.59% of the company’s stock.

Comfort Systems USA 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.