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Strid Group LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Financial News Live · Sep 17, 2022 13:01

Strid Group LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,754 shares of the construction company's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIX. Los Angeles Capital Management LLC boosted its holdings in Comfort Systems USA by 2.5% in the first quarter. Los Angeles Capital Management LLC now owns 5,855 shares of the construction company's stock valued at $521,000 after acquiring an additional 145 shares during the last quarter. Pitcairn Co. boosted its holdings in Comfort Systems USA by 2.1% in the fourth quarter. Pitcairn Co. now owns 7,502 shares of the construction company's stock valued at $742,000 after acquiring an additional 154 shares during the last quarter. M&T Bank Corp boosted its holdings in Comfort Systems USA by 3.5% in the first quarter. M&T Bank Corp now owns 5,524 shares of the construction company's stock valued at $491,000 after acquiring an additional 189 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Comfort Systems USA by 5.6% during the first quarter. Sigma Planning Corp now owns 3,652 shares of the construction company's stock worth $325,000 after purchasing an additional 194 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in shares of Comfort Systems USA by 1.4% during the first quarter. Pallas Capital Advisors LLC now owns 17,578 shares of the construction company's stock worth $1,557,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

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Comfort Systems USA Stock Up 0.7 %

Shares of NYSE FIX traded up $0.70 during midday trading on Friday, reaching $99.79. 300,237 shares of the company's stock were exchanged, compared to its average volume of 130,207. Comfort Systems USA, Inc. has a 52-week low of $67.91 and a 52-week high of $109.00. The stock has a market capitalization of $3.57 billion, a PE ratio of 16.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.25 and a current ratio of 1.28. The business's fifty day moving average price is $99.00 and its two-hundred day moving average price is $91.06.

Comfort Systems USA (NYSE:FIX – Get Rating) last announced its earnings results on Wednesday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.14. Comfort Systems USA had a return on equity of 18.99% and a net margin of 5.93%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $914.17 million. During the same period in the previous year, the company earned $0.90 earnings per share. The company's revenue for the quarter was up 42.6% compared to the same quarter last year. Analysts forecast that Comfort Systems USA, Inc. will post 4.85 EPS for the current year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Thursday, August 18th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, August 17th. Comfort Systems USA's payout ratio is 9.52%.

Analysts Set New Price Targets

FIX has been the topic of a number of recent research reports. StockNews.com cut Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 5th. DA Davidson boosted their price objective on Comfort Systems USA from $100.00 to $114.00 in a research note on Friday, July 29th.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,475 shares of Comfort Systems USA stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $101.43, for a total transaction of $251,039.25. Following the sale, the director now directly owns 11,998 shares of the company's stock, valued at $1,216,957.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Pablo G. Mercado sold 2,475 shares of the business's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $101.43, for a total value of $251,039.25. Following the completion of the sale, the director now directly owns 11,998 shares of the company's stock, valued at $1,216,957.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 16,371 shares of the business's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $104.23, for a total value of $1,706,349.33. Following the completion of the sale, the chief financial officer now directly owns 49,931 shares of the company's stock, valued at $5,204,308.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,625 shares of company stock valued at $7,841,989. 2.48% of the stock is currently owned by insiders.

Comfort Systems USA Company Profile

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Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.