Moore Capital Management LP Has $17.94 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Moore Capital Management LP boosted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 52.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,050 shares of the construction company’s stock after buying an additional 3,112 shares during the period. Moore Capital Management LP’s holdings in Comfort Systems USA were worth $17,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudential PLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth $6,922,000. Ethic Inc. lifted its position in shares of Comfort Systems USA by 80.5% during the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after purchasing an additional 748 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Comfort Systems USA by 230.4% during the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after purchasing an additional 39,888 shares in the last quarter. Simplicity Wealth LLC purchased a new position in Comfort Systems USA during the second quarter worth about $601,000. Finally, Swiss Life Asset Management Ltd grew its position in Comfort Systems USA by 713.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock worth $12,392,000 after purchasing an additional 11,645 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,518.08 on Monday. The stock’s 50-day simple moving average is $1,747.26 and its 200 day simple moving average is $1,672.11. 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, Inc. has a 52-week low of $670.19 and a 52-week high of $2,073.99. The stock has a market capitalization of $53.42 billion, a price-to-earnings ratio of 37.34 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last issued 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. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company earned $6.53 earnings per share. Comfort Systems USA’s revenue for the quarter was up 50.3% on a year-over-year basis. Research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares of the company’s stock, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction 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 $56,254,412.50. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,778 shares of company stock worth $56,306,777 over the last three months. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FIX has been the subject of several analyst reports. 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. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. KeyCorp increased their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. DA Davidson initiated coverage on Comfort Systems USA in a report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Profile

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.