Olympiad Research LP Invests $456,000 in Comfort Systems USA, Inc. $FIX

Olympiad Research LP purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 851 shares of the construction company’s stock, valued at approximately $456,000. Comfort Systems USA comprises 0.7% of Olympiad Research LP’s holdings, making the stock its 19th largest position.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA during the 2nd quarter worth $27,000. Lifestyle Asset Management Inc. grew its position in shares of Comfort Systems USA by 314.1% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock worth $2,078,000 after purchasing an additional 2,940 shares in the last quarter. OMNI 360 Wealth Inc. bought a new position in shares of Comfort Systems USA during the second quarter worth approximately $298,000. Redhawk Wealth Advisors Inc. raised its position in shares of Comfort Systems USA by 19.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock valued at $2,690,000 after buying an additional 809 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Comfort Systems USA by 40.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the construction company’s stock valued at $3,449,000 after buying an additional 1,850 shares during the period. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the transaction, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Herman E. Bulls sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the sale, the director owned 30,574 shares in the company, valued at approximately $30,990,417.88. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,078 shares of company stock worth $15,242,037. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 7.8%

Shares of NYSE FIX opened at $897.09 on Friday. The company has a market cap of $31.64 billion, a price-to-earnings ratio of 37.98 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,020.26. The stock has a 50-day moving average price of $851.07 and a two-hundred day moving average price of $660.22.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 13th. This is a boost 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

FIX has been the subject of several analyst reports. Stifel Nicolaus set a $1,069.00 price objective on Comfort Systems USA in a report on Friday, October 24th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. UBS Group raised their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, William Blair started coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $819.20.

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.