Legal & General Group Plc Purchases New Holdings in Comfort Systems USA, Inc. $FIX

Legal & General Group Plc purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 201,870 shares of the construction company’s stock, valued at approximately $400,096,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Signature Equity Partners LLC grew its stake in Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after purchasing an additional 5 shares during the period. Coston McIsaac & Partners raised its stake in shares of Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after purchasing an additional 7 shares during the period. Petra Financial Advisors Inc. boosted its holdings in shares of Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after buying an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after buying an additional 7 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Comfort Systems USA by 1.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 2.9%

Shares of FIX opened at $1,563.47 on Wednesday. Comfort Systems USA, Inc. has a fifty-two week low of $670.19 and a fifty-two week high of $2,073.99. The business has a 50-day moving average of $1,769.68 and a 200 day moving average of $1,664.40. The firm has a market cap of $55.02 billion, a P/E ratio of 38.45 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.53 earnings per share. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Insider Buying and Selling

In related news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,754 shares of company stock worth $30,536,820 over the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. KeyCorp raised their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. DA Davidson started coverage on shares of Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price for the company. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $2,082.86.

About Comfort Systems USA

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.